Real Estate Investment Properties for Sale in Covington, VA

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

Explore a variety of short-term homes & houses in Covington, VA. Invest wisely with VRBO & Covington, VA 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, VA

separator

PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
7150 Mill Branch RD Covington, VA Escape to your own peaceful sanctuary in this fully furnished, charming 2 bedroom, 2.5 bat...	2 beds \| 3 baths \| 1,224 sq.ft.	$239,950	Airbnb cash on cash: N/A Traditional cash on cash: 5.98% Airbnb Rental Income: $null Traditional Rental Income: $1860 Airbnb ROI: N/A Traditional ROI: 5.98%
107 Mount Pleasant DR Covington, VA Former church property now being used for residential purpose located in the beautiful mou...	1 beds \| 3 baths \| 8,800 sq.ft.	$249,000	Airbnb cash on cash: 0.49% Traditional cash on cash: 4.39% Airbnb Rental Income: $1124 Traditional Rental Income: $1663 Airbnb ROI: 0.49% Traditional ROI: 4.39%
908 E Dolly Ann DR Covington, VA Come see this one of a kind Custom Built Home. Nestled away in the heart of Alleghany Coun...	1 beds \| 3 baths \| 1,408 sq.ft.	$339,998	Airbnb cash on cash: 0.89% Traditional cash on cash: 5.46% Airbnb Rental Income: $1124 Traditional Rental Income: $2210 Airbnb ROI: 0.89% Traditional ROI: 5.46%
500 Jacksons Flat Covington, VA Remarkable mountain retreat located on almost 120 acres in a private setting with breath t...	3 beds \| 3 baths \| 4,265 sq.ft.	$1,350,000	Airbnb cash on cash: 0.22% Traditional cash on cash: 0.56% Airbnb Rental Income: $2456 Traditional Rental Income: $2286 Airbnb ROI: 0.22% Traditional ROI: 0.56%
1919 S Raymond AVE Covington, VA Discover your dream home in this stunning new construction, offering 1,500 square feet of ...	3 beds \| 2 baths \| 1,525 sq.ft.	$249,000	Airbnb cash on cash: 6.1% Traditional cash on cash: 6.28% Airbnb Rental Income: $2456 Traditional Rental Income: $1900 Airbnb ROI: 6.1% Traditional ROI: 6.28%
200 Clearwater Cir Covington, VA This split level home is located in the desirable neighborhood of Clearwater Park. This h...	3 beds \| 2 baths \| 1,673 sq.ft.	$229,500	Airbnb cash on cash: 6.65% Traditional cash on cash: 5.62% Airbnb Rental Income: $2456 Traditional Rental Income: $1634 Airbnb ROI: 6.65% Traditional ROI: 5.62%
141 N Court Ave Covington, VA	3 beds \| 2 baths \| 2,053 sq.ft.	$172,000	Airbnb cash on cash: 9.35% Traditional cash on cash: 8.87% Airbnb Rental Income: $2456 Traditional Rental Income: $1779 Airbnb ROI: 9.35% Traditional ROI: 8.87%
757 E Carolton Dr Covington, VA New home without the new build price! Completely renovated stunning 5 Bedrooms, 3 full Bat...	5 beds \| 3 baths \| 2,549 sq.ft.	$399,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.19% Airbnb Rental Income: $null Traditional Rental Income: $2963 Airbnb ROI: N/A Traditional ROI: 6.19%
1249 S Mound Ave Covington, VA If you're looking for a home with personality, charm, and modern amenities, this split lev...	3 beds \| 2 baths \| 1,500 sq.ft.	$195,000	Airbnb cash on cash: 7.84% Traditional cash on cash: 8.15% Airbnb Rental Income: $2456 Traditional Rental Income: $1914 Airbnb ROI: 7.84% Traditional ROI: 8.15%
107 Cliffview Dr Covington, VA If you're looking for a starter home, wanting to down size, or just needing a great home w...	3 beds \| 1 baths \| 1,000 sq.ft.	$169,900	Airbnb cash on cash: 9.42% Traditional cash on cash: 7.37% Airbnb Rental Income: $2456 Traditional Rental Income: $1526 Airbnb ROI: 9.42% Traditional ROI: 7.37%

Real Estate investment in Covington, VA

There are 10 properties for sale in the city of Covington . The median list price in Covington is $229,500 and the average price per square foot is $97. In September 2025, the average monthly cash on cash return in Covington is 6.00%. The average monthly rental income in Covington is $1,860.

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

There are 10 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 $2,456.

Your search for investment property begins and ends here

Investment Property for Sale in Covington, VA

7150 Mill Branch RD

Covington, VA

2 beds | 3 baths | 1,224 sq.ft.

$239,950

Airbnb cash on cash: N/A

Traditional cash on cash: 5.98%

Airbnb Rental Income: $null

Traditional Rental Income: $1860

Airbnb ROI: N/A

Traditional ROI: 5.98%

107 Mount Pleasant DR

Covington, VA

1 beds | 3 baths | 8,800 sq.ft.

$249,000

Airbnb cash on cash: 0.49%

Traditional cash on cash: 4.39%

Airbnb Rental Income: $1124

Traditional Rental Income: $1663

Airbnb ROI: 0.49%

Traditional ROI: 4.39%

908 E Dolly Ann DR

Covington, VA

1 beds | 3 baths | 1,408 sq.ft.

$339,998

Airbnb cash on cash: 0.89%

Traditional cash on cash: 5.46%

Airbnb Rental Income: $1124

Traditional Rental Income: $2210

Airbnb ROI: 0.89%

Traditional ROI: 5.46%

500 Jacksons Flat

Covington, VA

3 beds | 3 baths | 4,265 sq.ft.

$1,350,000

Airbnb cash on cash: 0.22%

Traditional cash on cash: 0.56%

Airbnb Rental Income: $2456

Traditional Rental Income: $2286

Airbnb ROI: 0.22%

Traditional ROI: 0.56%

1919 S Raymond AVE

Covington, VA

3 beds | 2 baths | 1,525 sq.ft.

$249,000

Airbnb cash on cash: 6.1%

Traditional cash on cash: 6.28%

Airbnb Rental Income: $2456

Traditional Rental Income: $1900

Airbnb ROI: 6.1%

Traditional ROI: 6.28%

200 Clearwater Cir

Covington, VA

3 beds | 2 baths | 1,673 sq.ft.

$229,500

Airbnb cash on cash: 6.65%

Traditional cash on cash: 5.62%

Airbnb Rental Income: $2456

Traditional Rental Income: $1634

Airbnb ROI: 6.65%

Traditional ROI: 5.62%

141 N Court Ave

Covington, VA

3 beds | 2 baths | 2,053 sq.ft.

$172,000

Airbnb cash on cash: 9.35%

Traditional cash on cash: 8.87%

Airbnb Rental Income: $2456

Traditional Rental Income: $1779

Airbnb ROI: 9.35%

Traditional ROI: 8.87%

757 E Carolton Dr

Covington, VA

5 beds | 3 baths | 2,549 sq.ft.

$399,000

Airbnb cash on cash: N/A

Traditional cash on cash: 6.19%

Airbnb Rental Income: $null

Traditional Rental Income: $2963

Airbnb ROI: N/A