Real Estate Investment Properties for Sale in Covington, TN

Looking for investment property in Covington, TN with high ROI ?

Explore a variety of short-term homes & houses in Covington, TN. Invest wisely with VRBO & Covington, TN Airbnb properties available for purchase. Find your ideal investment property among our curated listings for a rewarding real estate venture.

Investment Property for Sale in Covington, TN

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
112 FAIRWAY Covington, TN Welcome to The Links!! This home is MOVE IN READY!! 4 bedroom 3.5 bath. Stainless applia...	4 beds \| 4 baths \| N/A	$464,900	Airbnb cash on cash: N/A Traditional cash on cash: 6.64% Airbnb Rental Income: $null Traditional Rental Income: $3601 Airbnb ROI: N/A Traditional ROI: 6.64%
250 McDow Lane Covington, TN This massive 5300+ square foot brick home sits on 2 acres in the country. There are 5 bedr...	5 beds \| 5 baths \| 5,230 sq.ft.	$365,000	Airbnb cash on cash: N/A Traditional cash on cash: 11.79% Airbnb Rental Income: $null Traditional Rental Income: $4698 Airbnb ROI: N/A Traditional ROI: 11.79%
104 EAGLE TRACE Covington, TN Move-In Ready Golf Course Home in The Links Beautiful home located on a quiet dead-end st...	3 beds \| 3 baths \| N/A	$639,000	Airbnb cash on cash: -0.88% Traditional cash on cash: 2.67% Airbnb Rental Income: $871 Traditional Rental Income: $2654 Airbnb ROI: -0.88% Traditional ROI: 2.67%
792 SMITH Covington, TN Discover country living at its finest in this exquisite home, presenting an open concept f...	3 beds \| 2 baths \| N/A	$264,900	Airbnb cash on cash: 0.49% Traditional cash on cash: 5.65% Airbnb Rental Income: $871 Traditional Rental Income: $1826 Airbnb ROI: 0.49% Traditional ROI: 5.65%
503 TERRACE Covington, TN This quaint home is located on a corner lot convenient to all amenities Covington has to o...	2 beds \| 3 baths \| N/A	$192,000	Airbnb cash on cash: -1.23% Traditional cash on cash: 9.85% Airbnb Rental Income: $418 Traditional Rental Income: $2181 Airbnb ROI: -1.23% Traditional ROI: 9.85%
2051 SOLO Covington, TN 2051 Solo Road â¢ 2 acres â¢ Finished 30x19 basement â¢ 2-story 30x24 shop â¢ Fruit an...	3 beds \| 2 baths \| N/A	$360,000	Airbnb cash on cash: 0.02% Traditional cash on cash: 4.2% Airbnb Rental Income: $871 Traditional Rental Income: $1950 Airbnb ROI: 0.02% Traditional ROI: 4.2%
635 OAKVIEW Covington, TN Spacious 4,233 sq ft home in Covington situated on a desirable corner lot! This property f...	3 beds \| 3 baths \| N/A	$475,000	Airbnb cash on cash: -0.69% Traditional cash on cash: 3.77% Airbnb Rental Income: $871 Traditional Rental Income: $2520 Airbnb ROI: -0.69% Traditional ROI: 3.77%
43 HASTINGS Covington, TN Country living at it's BEST! This home is very large and sits on approx. 2 acres! Lovely 4...	4 beds \| 2 baths \| N/A	$359,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.89% Airbnb Rental Income: $null Traditional Rental Income: $2277 Airbnb ROI: N/A Traditional ROI: 4.89%
527 FAIRWAY Covington, TN Located along the 6th fairway of the Covington Country Club golf course, this 5,235 sqft h...	4 beds \| 4 baths \| N/A	$674,900	Airbnb cash on cash: N/A Traditional cash on cash: 3.91% Airbnb Rental Income: $null Traditional Rental Income: $3578 Airbnb ROI: N/A Traditional ROI: 3.91%
1467 HALL Covington, TN Welcome to your dream home just outside of Covington! Nestled on 2 acres, this stunning 4-...	4 beds \| 6 baths \| N/A	$624,900	Airbnb cash on cash: N/A Traditional cash on cash: 4.71% Airbnb Rental Income: $null Traditional Rental Income: $3632 Airbnb ROI: N/A Traditional ROI: 4.71%
1452 SOLO Covington, TN Nestled on nearly 11 acres Covington, this spacious 4 bedroom home offers a rare opportuni...	4 beds \| 5 baths \| N/A	$624,900	Airbnb cash on cash: N/A Traditional cash on cash: 6.43% Airbnb Rental Income: $null Traditional Rental Income: $4619 Airbnb ROI: N/A Traditional ROI: 6.43%
624 FYFE Covington, TN This newly remodeled cutie is waiting for you! This home brings beach cottage vibes to Cov...	3 beds \| 1 baths \| N/A	$185,000	Airbnb cash on cash: 1.26% Traditional cash on cash: 6.62% Airbnb Rental Income: $871 Traditional Rental Income: $1481 Airbnb ROI: 1.26% Traditional ROI: 6.62%
715 MAPLE Covington, TN Beautifully renovated 2BR/1BA home in the heart of Covington, just minutes from the histor...	2 beds \| 1 baths \| N/A	$199,000	Airbnb cash on cash: -1.01% Traditional cash on cash: 4.83% Airbnb Rental Income: $418 Traditional Rental Income: $1264 Airbnb ROI: -1.01% Traditional ROI: 4.83%
502 JAMES Covington, TN Wonderful 3-bedroom 2 bath brick home located on huge lot with mature trees & wooden fence...	3 beds \| 2 baths \| N/A	$248,500	Airbnb cash on cash: 0.43% Traditional cash on cash: 6.59% Airbnb Rental Income: $871 Traditional Rental Income: $1983 Airbnb ROI: 0.43% Traditional ROI: 6.59%
301 N MAPLE Covington, TN Step into the charm of this historic 1900 home, just a short walk to the Covington Square....	3 beds \| 2 baths \| N/A	$190,000	Airbnb cash on cash: 0.94% Traditional cash on cash: 10.84% Airbnb Rental Income: $871 Traditional Rental Income: $2325 Airbnb ROI: 0.94% Traditional ROI: 10.84%
1321 59 Covington, TN BEAUTIFULLY REMODELED! This home has been professionally remodeled from top to bottom! Wit...	3 beds \| 2 baths \| N/A	$318,000	Airbnb cash on cash: 0.36% Traditional cash on cash: 4.06% Airbnb Rental Income: $871 Traditional Rental Income: $1642 Airbnb ROI: 0.36% Traditional ROI: 4.06%
1139 Tennessee 179 Covington, TN Move In Ready!!! This home features 3 bedrooms, 2 bathrooms, and is ready for its new owne...	3 beds \| 2 baths \| 1,512 sq.ft.	$140,000	Airbnb cash on cash: 1.6% Traditional cash on cash: 10.71% Airbnb Rental Income: $871 Traditional Rental Income: $1760 Airbnb ROI: 1.6% Traditional ROI: 10.71%
400 PARK Covington, TN This home is a 2 owner home that was well built and has been wonderfully maintained! All o...	3 beds \| 2 baths \| N/A	$210,000	Airbnb cash on cash: 0.53% Traditional cash on cash: 7.26% Airbnb Rental Income: $871 Traditional Rental Income: $1877 Airbnb ROI: 0.53% Traditional ROI: 7.26%
503 Terrace Drive Covington, TN This quaint home is located on a corner lot convenient to all amenities Covington has to o...	2 beds \| 3 baths \| 2,070 sq.ft.	$192,000	Airbnb cash on cash: -1.23% Traditional cash on cash: 4.08% Airbnb Rental Income: $418 Traditional Rental Income: $1128 Airbnb ROI: -1.23% Traditional ROI: 4.08%
664 RIALTO Covington, TN Welcome to your slice of legacy! This spacious manufactured home built in 2021 sits on an ...	4 beds \| 2 baths \| N/A	$269,900	Airbnb cash on cash: N/A Traditional cash on cash: 7.06% Airbnb Rental Income: $null Traditional Rental Income: $2213 Airbnb ROI: N/A Traditional ROI: 7.06%
114 BOYCE Covington, TN This adorable home is within walking distance of historical downtown Covington and is comp...	3 beds \| 1 baths \| N/A	$204,900	Airbnb cash on cash: 1.07% Traditional cash on cash: 5.83% Airbnb Rental Income: $871 Traditional Rental Income: $1463 Airbnb ROI: 1.07% Traditional ROI: 5.83%
597 WALTON Covington, TN 3 bedrooms, 1 bath situated on a .47 lot in Covington, TN. It's on a quiet and peaceful c...	3 beds \| 1 baths \| N/A	$145,900	Airbnb cash on cash: 1.87% Traditional cash on cash: 8.64% Airbnb Rental Income: $871 Traditional Rental Income: $1482 Airbnb ROI: 1.87% Traditional ROI: 8.64%
127 WALTON LOOP Covington, TN Great home with lots of character, plenty of space, room to roam and very convenient to to...	4 beds \| 3 baths \| N/A	$355,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.46% Airbnb Rental Income: $null Traditional Rental Income: $2648 Airbnb ROI: N/A Traditional ROI: 6.46%
1766 59 Covington, TN Completely renovated and move-in ready! This beautifully updated 4-bedroom, 2 bath home of...	4 beds \| 2 baths \| N/A	$293,900	Airbnb cash on cash: N/A Traditional cash on cash: 6.49% Airbnb Rental Income: $null Traditional Rental Income: $2180 Airbnb ROI: N/A Traditional ROI: 6.49%
311 RIPLEY Covington, TN New Price. Must See! Open House April 12th 1pm-3pm. Step into this "Like New" beautifully ...	3 beds \| 1 baths \| N/A	$199,900	Airbnb cash on cash: 1.19% Traditional cash on cash: 6.07% Airbnb Rental Income: $871 Traditional Rental Income: $1463 Airbnb ROI: 1.19% Traditional ROI: 6.07%
250 MCDOW Covington, TN This massive 5300+ square foot brick home sits on 2 acres in the country. There are 5 bedr...	5 beds \| 5 baths \| N/A	$365,000	Airbnb cash on cash: N/A Traditional cash on cash: 11.8% Airbnb Rental Income: $null Traditional Rental Income: $4701 Airbnb ROI: N/A Traditional ROI: 11.8%
100 HOLLY GROVE Covington, TN INVESTMENT OPPORTUNITY! This listing includes 100 & 104 Holly Grove Rd, total of +/- 0.50 ...	2 beds \| 1 baths \| N/A	$240,000	Airbnb cash on cash: -0.84% Traditional cash on cash: 3.98% Airbnb Rental Income: $418 Traditional Rental Income: $1253 Airbnb ROI: -0.84% Traditional ROI: 3.98%
263 MORRIS Covington, TN 20 acres and a Pool !!! Come live in country seclusion and enjoy backyard life on a large...	4 beds \| 3 baths \| N/A	$699,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.84% Airbnb Rental Income: $null Traditional Rental Income: $2730 Airbnb ROI: N/A Traditional ROI: 2.84%
129 TATLOCK Covington, TN Beautifully renovated 3 bedroom, 1 bath home that blends modern updates with everyday comf...	3 beds \| 1 baths \| 1,056 sq.ft.	$174,900	Airbnb cash on cash: 1.48% Traditional cash on cash: 6.26% Airbnb Rental Income: $871 Traditional Rental Income: $1333 Airbnb ROI: 1.48% Traditional ROI: 6.26%

Real Estate investment in Covington, TN

There are 29 properties for sale in the city of Covington . The median list price in Covington is $320,000 and the average price per square foot is $140. In April 2026, the average monthly cash on cash return in Covington is 6.00%. The average monthly rental income in Covington is $1,983.

Covington, TN Real Estate Investing: FAQs for Buyers, Sellers and Investors

There are 29 investment properties available for sale in Covington.

In 2026, the best neighborhood to buy investment property is Covington.

The ROI for Short-Term is higher than the Long-Term in Covington with average rental income of $871.

Your search for investment property begins and ends here

Investment Property for Sale in Covington, TN

112 FAIRWAY

Covington, TN

4 beds | 4 baths | N/A

$464,900

Airbnb cash on cash: N/A

Traditional cash on cash: 6.64%

Airbnb Rental Income: $null

Traditional Rental Income: $3601

Airbnb ROI: N/A

Traditional ROI: 6.64%

250 McDow Lane

Covington, TN

5 beds | 5 baths | 5,230 sq.ft.

$365,000

Airbnb cash on cash: N/A

Traditional cash on cash: 11.79%

Airbnb Rental Income: $null

Traditional Rental Income: $4698

Airbnb ROI: N/A

Traditional ROI: 11.79%

104 EAGLE TRACE

Covington, TN

3 beds | 3 baths | N/A

$639,000

Airbnb cash on cash: -0.88%

Traditional cash on cash: 2.67%

Airbnb Rental Income: $871

Traditional Rental Income: $2654

Airbnb ROI: -0.88%

Traditional ROI: 2.67%

792 SMITH

Covington, TN

3 beds | 2 baths | N/A

$264,900

Airbnb cash on cash: 0.49%

Traditional cash on cash: 5.65%

Airbnb Rental Income: $871

Traditional Rental Income: $1826

Airbnb ROI: 0.49%

Traditional ROI: 5.65%

503 TERRACE

Covington, TN

2 beds | 3 baths | N/A

$192,000

Airbnb cash on cash: -1.23%

Traditional cash on cash: 9.85%

Airbnb Rental Income: $418

Traditional Rental Income: $2181

Airbnb ROI: -1.23%

Traditional ROI: 9.85%

2051 SOLO

Covington, TN

3 beds | 2 baths | N/A

$360,000

Airbnb cash on cash: 0.02%

Traditional cash on cash: 4.2%

Airbnb Rental Income: $871

Traditional Rental Income: $1950

Airbnb ROI: 0.02%

Traditional ROI: 4.2%

635 OAKVIEW

Covington, TN

3 beds | 3 baths | N/A

$475,000

Airbnb cash on cash: -0.69%

Traditional cash on cash: 3.77%

Airbnb Rental Income: $871

Traditional Rental Income: $2520

Airbnb ROI: -0.69%

Traditional ROI: 3.77%

43 HASTINGS

Covington, TN

4 beds | 2 baths | N/A

$359,000

Airbnb cash on cash: N/A

Traditional cash on cash: 4.89%

Airbnb Rental Income: $null

Traditional Rental Income: $2277

Airbnb ROI: N/A