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
1194 54 Covington, TN Beautiful 4-Bedroom Home on a Corner Lot Near Covington Square! Welcome to this beautifull...	4 beds \| 2 baths \| N/A	$285,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.54% Airbnb Rental Income: $null Traditional Rental Income: $2252 Airbnb ROI: N/A Traditional ROI: 6.54%
1524 GARLAND Covington, TN REDUCED! REDUCED! Come take a look!! Serenity at it's finest... This beautiful home is s...	4 beds \| 4 baths \| N/A	$419,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.35% Airbnb Rental Income: $null Traditional Rental Income: $3484 Airbnb ROI: N/A Traditional ROI: 7.35%
2030 MAIN Covington, TN Nice investment or starter home. This home is on about 1/2 acre. Two properties have been...	2 beds \| 1 baths \| N/A	$149,900	Airbnb cash on cash: 7.45% Traditional cash on cash: 6.98% Airbnb Rental Income: $1850 Traditional Rental Income: $1286 Airbnb ROI: 7.45% Traditional ROI: 6.98%
2051 SOLO Covington, TN Nice country setting, no city taxes	3 beds \| 2 baths \| N/A	$365,000	Airbnb cash on cash: 3.51% Traditional cash on cash: 4.13% Airbnb Rental Income: $2311 Traditional Rental Income: $1950 Airbnb ROI: 3.51% Traditional ROI: 4.13%
101 SIVIL Covington, TN Completely renovated home with nearly 1,900 square feet of beautifully updated living spac...	3 beds \| 2 baths \| N/A	$284,900	Airbnb cash on cash: 4.91% Traditional cash on cash: 4.92% Airbnb Rental Income: $2311 Traditional Rental Income: $1739 Airbnb ROI: 4.91% Traditional ROI: 4.92%
104 RUSSWOOD Covington, TN This beautiful 4 bedroom, 2.5 bathroom, two-story home sitting on nearly 1.5 acres inside ...	4 beds \| 3 baths \| N/A	$399,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.34% Airbnb Rental Income: $null Traditional Rental Income: $2676 Airbnb ROI: N/A Traditional ROI: 5.34%
453 BRIERHEDGE Covington, TN This Brick 3 Br, 2 1/2 bath home with a large bonus room & a 2 car attached garage is loca...	3 beds \| 3 baths \| N/A	$349,900	Airbnb cash on cash: 3.71% Traditional cash on cash: 5.56% Airbnb Rental Income: $2311 Traditional Rental Income: $2346 Airbnb ROI: 3.71% Traditional ROI: 5.56%
711 MAIN Covington, TN NOTE: This property is located in the Historic District of Covington. See red "X" on att...	2 beds \| 2 baths \| N/A	$159,500	Airbnb cash on cash: 6.87% Traditional cash on cash: 9.68% Airbnb Rental Income: $1850 Traditional Rental Income: $1781 Airbnb ROI: 6.87% Traditional ROI: 9.68%
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	$369,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.74% Airbnb Rental Income: $null Traditional Rental Income: $2277 Airbnb ROI: N/A Traditional ROI: 4.74%
527 FAIRWAY Covington, TN Absolutely stunning!!! This 5235 sq ft beauty is located at hole #6 on the gorgeous golf c...	4 beds \| 4 baths \| N/A	$798,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.16% Airbnb Rental Income: $null Traditional Rental Income: $3578 Airbnb ROI: N/A Traditional ROI: 3.16%
1329 HERRING Covington, TN Take a step back in time to this beautifully maintained 4 bedroom 2 bathroom home that fea...	4 beds \| 2 baths \| N/A	$285,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.4% Airbnb Rental Income: $null Traditional Rental Income: $2205 Airbnb ROI: N/A Traditional ROI: 6.4%
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	$759,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.71% Airbnb Rental Income: $null Traditional Rental Income: $3632 Airbnb ROI: N/A Traditional ROI: 3.71%
1117 MURPHY Covington, TN This charming soft contemporary 3 BR/2 BA home has been totally remodeled thru-out! New ro...	3 beds \| 2 baths \| N/A	$199,500	Airbnb cash on cash: 7.56% Traditional cash on cash: 8.66% Airbnb Rental Income: $2311 Traditional Rental Income: $1944 Airbnb ROI: 7.56% Traditional ROI: 8.66%
936 HARVEST TRAILS Covington, TN HOME SWEET HOME! This beautiful property sits in a quiet cove right outside of the Covingt...	3 beds \| 3 baths \| N/A	$553,000	Airbnb cash on cash: 1.78% Traditional cash on cash: 3.58% Airbnb Rental Income: $2311 Traditional Rental Income: $2666 Airbnb ROI: 1.78% Traditional ROI: 3.58%
902 HATCHIE Covington, TN NEW-roof, water heater, central air and heat. Extra large lot. Moving is underway, so ove...	3 beds \| 3 baths \| N/A	$215,900	Airbnb cash on cash: 6.65% Traditional cash on cash: 9.81% Airbnb Rental Income: $2311 Traditional Rental Income: $2384 Airbnb ROI: 6.65% Traditional ROI: 9.81%
202 HOLLY GROVE Covington, TN Great location! Lots of Space! 3 bedrooms , 2 1/2 baths plus huge bonus/playroom. Half bat...	3 beds \| 3 baths \| N/A	$325,000	Airbnb cash on cash: 3.83% Traditional cash on cash: 5.2% Airbnb Rental Income: $2311 Traditional Rental Income: $2157 Airbnb ROI: 3.83% Traditional ROI: 5.2%
1912 KIMBROUGH Covington, TN Spacious and move in ready! This home has loads of energy efficient updates that equal ins...	3 beds \| 2 baths \| N/A	$265,000	Airbnb cash on cash: 5.04% Traditional cash on cash: 7.03% Airbnb Rental Income: $2311 Traditional Rental Income: $2233 Airbnb ROI: 5.04% Traditional ROI: 7.03%
1452 SOLO Covington, TN Great house on 11 acres and very well maintained. Hardwood floors Master down with kitchen...	4 beds \| 5 baths \| N/A	$700,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.64% Airbnb Rental Income: $null Traditional Rental Income: $4619 Airbnb ROI: N/A Traditional ROI: 5.64%
316 SANFORD Covington, TN A REALLY NICE HOME. COME TAKE A LOOK. Home to be sold âAs Isâ.	4 beds \| 3 baths \| N/A	$275,000	Airbnb cash on cash: N/A Traditional cash on cash: 8.72% Airbnb Rental Income: $null Traditional Rental Income: $2745 Airbnb ROI: N/A Traditional ROI: 8.72%
210 KINNEY Covington, TN Charming 3 Bedroom 1.5 Bath is full of character & across from Covington High! Freshly pai...	3 beds \| 16 baths \| N/A	$185,000	Airbnb cash on cash: 8.01% Traditional cash on cash: 11.91% Airbnb Rental Income: $2311 Traditional Rental Income: $2423 Airbnb ROI: 8.01% Traditional ROI: 11.91%
714 SHERROD Covington, TN This little hidden gem has 2 large bedrooms, 1 and 1.2 baths, detached 2 car garage, hardw...	2 beds \| 2 baths \| N/A	$199,900	Airbnb cash on cash: 5.15% Traditional cash on cash: 7.39% Airbnb Rental Income: $1850 Traditional Rental Income: $1778 Airbnb ROI: 5.15% Traditional ROI: 7.39%
474 JUNIOR Covington, TN Beautifully updated 3 bedroom, 2 bath home in Tipton County offering comfortable living sp...	3 beds \| 2 baths \| N/A	$199,900	Airbnb cash on cash: 7.49% Traditional cash on cash: 8.37% Airbnb Rental Income: $2311 Traditional Rental Income: $1903 Airbnb ROI: 7.49% Traditional ROI: 8.37%

Real Estate investment in Covington, TN

There are 22 properties for sale in the city of Covington . The median list price in Covington is $279,950 and the average price per square foot is $NaN. In September 2025, the average monthly cash on cash return in Covington is 7.00%. The average monthly rental income in Covington is $2,237.

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

There are 22 investment properties available for sale in Covington.

In 2025, 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 $2,311.

Your search for investment property begins and ends here

Investment Property for Sale in Covington, TN

1194 54

Covington, TN

4 beds | 2 baths | N/A

$285,000

Airbnb cash on cash: N/A

Traditional cash on cash: 6.54%

Airbnb Rental Income: $null

Traditional Rental Income: $2252

Airbnb ROI: N/A

Traditional ROI: 6.54%

1524 GARLAND

Covington, TN

4 beds | 4 baths | N/A

$419,000

Airbnb cash on cash: N/A

Traditional cash on cash: 7.35%

Airbnb Rental Income: $null

Traditional Rental Income: $3484

Airbnb ROI: N/A

Traditional ROI: 7.35%

2030 MAIN

Covington, TN

2 beds | 1 baths | N/A

$149,900

Airbnb cash on cash: 7.45%

Traditional cash on cash: 6.98%

Airbnb Rental Income: $1850

Traditional Rental Income: $1286

Airbnb ROI: 7.45%

Traditional ROI: 6.98%

2051 SOLO

Covington, TN

3 beds | 2 baths | N/A

$365,000

Airbnb cash on cash: 3.51%

Traditional cash on cash: 4.13%

Airbnb Rental Income: $2311

Traditional Rental Income: $1950

Airbnb ROI: 3.51%

Traditional ROI: 4.13%

101 SIVIL

Covington, TN

3 beds | 2 baths | N/A

$284,900

Airbnb cash on cash: 4.91%

Traditional cash on cash: 4.92%

Airbnb Rental Income: $2311

Traditional Rental Income: $1739

Airbnb ROI: 4.91%

Traditional ROI: 4.92%

104 RUSSWOOD

Covington, TN

4 beds | 3 baths | N/A

$399,900

Airbnb cash on cash: N/A

Traditional cash on cash: 5.34%

Airbnb Rental Income: $null

Traditional Rental Income: $2676

Airbnb ROI: N/A

Traditional ROI: 5.34%

453 BRIERHEDGE

Covington, TN

3 beds | 3 baths | N/A

$349,900

Airbnb cash on cash: 3.71%

Traditional cash on cash: 5.56%

Airbnb Rental Income: $2311

Traditional Rental Income: $2346

Airbnb ROI: 3.71%

Traditional ROI: 5.56%

711 MAIN

Covington, TN

2 beds | 2 baths | N/A

$159,500

Airbnb cash on cash: 6.87%

Traditional cash on cash: 9.68%

Airbnb Rental Income: $1850

Traditional Rental Income: $1781

Airbnb ROI: 6.87%