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
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: -1.92% Traditional cash on cash: 5.46% Airbnb Rental Income: $48 Traditional Rental Income: $2210 Airbnb ROI: -1.92% 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: -0.8% Traditional cash on cash: 0.56% Airbnb Rental Income: $930 Traditional Rental Income: $2286 Airbnb ROI: -0.8% Traditional ROI: 0.56%
308 Crowder Hollow Rd Covington, VA Experience unparalleled mountain luxury in this extraordinary Alleghany Highlands estate, ...	3 beds \| 2 baths \| 1,570 sq.ft.	$2,590,000	Airbnb cash on cash: -0.86% Traditional cash on cash: -0.2% Airbnb Rental Income: $930 Traditional Rental Income: $2188 Airbnb ROI: -0.86% Traditional ROI: -0.2%
5110 Rich Patch Rd Covington, VA Happy farmhouse filled with light & simplicity! Private yard for some grilling, gardening,...	3 beds \| 3 baths \| 2,199 sq.ft.	$345,000	Airbnb cash on cash: 0.19% Traditional cash on cash: 5.96% Airbnb Rental Income: $930 Traditional Rental Income: $2456 Airbnb ROI: 0.19% Traditional ROI: 5.96%
252 S River Rd Covington, VA Welcome to your dream retreat on the Jackson River! This stunning custom-built log cabin, ...	3 beds \| 2 baths \| 1,328 sq.ft.	$449,000	Airbnb cash on cash: -0.19% Traditional cash on cash: 2.71% Airbnb Rental Income: $930 Traditional Rental Income: $1805 Airbnb ROI: -0.19% Traditional ROI: 2.71%
180 Old Country Road Rd Covington, VA A charming two story vinyl sided home with replacement windows and a metal roof setting al...	3 beds \| 2 baths \| 1,440 sq.ft.	$299,900	Airbnb cash on cash: 0.35% Traditional cash on cash: 4.54% Airbnb Rental Income: $930 Traditional Rental Income: $1771 Airbnb ROI: 0.35% Traditional ROI: 4.54%
3110 Jamison Mountain Rd Covington, VA Check out this totally Remodeled 4 Bedroom Cap Cod Home. This Home is Nestled in the Count...	4 beds \| 1 baths \| 2,409 sq.ft.	$179,900	Airbnb cash on cash: N/A Traditional cash on cash: 7.82% Airbnb Rental Income: $null Traditional Rental Income: $1633 Airbnb ROI: N/A Traditional ROI: 7.82%
3010 VALLEY RIDGE RD Covington, VA CREATE IT YOUR WAY! The fun begins HERE! This is a classic âbeforeâ homeâthe kind co...	4 beds \| 2 baths \| 1,875 sq.ft.	$189,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.83% Airbnb Rental Income: $null Traditional Rental Income: $1789 Airbnb ROI: N/A Traditional ROI: 7.83%
220 E Prospect St Covington, VA Beautiful two story brick home within a three block walk of the vibrant downtown of the Ci...	4 beds \| 2 baths \| 2,145 sq.ft.	$220,000	Airbnb cash on cash: N/A Traditional cash on cash: 8.68% Airbnb Rental Income: $null Traditional Rental Income: $2237 Airbnb ROI: N/A Traditional ROI: 8.68%
347 E Oak St Covington, VA If you're looking for a budget friendly home, remodeled, and spacious, this is the home fo...	2 beds \| 1 baths \| 1,224 sq.ft.	$139,000	Airbnb cash on cash: N/A Traditional cash on cash: 8.38% Airbnb Rental Income: $null Traditional Rental Income: $1404 Airbnb ROI: N/A Traditional ROI: 8.38%
8122 Rich Patch Rd Covington, VA Great property for permanent residence or mountain get-a-way. Lots of updates including he...	3 beds \| 1 baths \| 1,292 sq.ft.	$179,950	Airbnb cash on cash: 1.66% Traditional cash on cash: 7.46% Airbnb Rental Income: $930 Traditional Rental Income: $1579 Airbnb ROI: 1.66% Traditional ROI: 7.46%
304 Broken Arrow Ln Covington, VA CHARMING RENOVATED HOME IN COVINGTON!! Welcome to 304 Broken Arrow Ln, a beautifully renov...	3 beds \| 2 baths \| 1,540 sq.ft.	$254,999	Airbnb cash on cash: 0.54% Traditional cash on cash: 6% Airbnb Rental Income: $930 Traditional Rental Income: $1900 Airbnb ROI: 0.54% Traditional ROI: 6%
234 E Parrish St Covington, VA Classic cottage-style cape cod house in quaint Parrish court. This home features two bedro...	2 beds \| 1 baths \| 1,336 sq.ft.	$115,750	Airbnb cash on cash: N/A Traditional cash on cash: 10.42% Airbnb Rental Income: $null Traditional Rental Income: $1406 Airbnb ROI: N/A Traditional ROI: 10.42%
538 W Jackson 538 St Covington, VA Location Location Location!! Cute maintenance free home located on Jackson Street. Within ...	3 beds \| 1 baths \| 900 sq.ft.	$139,950	Airbnb cash on cash: 2.28% Traditional cash on cash: 8.72% Airbnb Rental Income: $930 Traditional Rental Income: $1450 Airbnb ROI: 2.28% Traditional ROI: 8.72%
904 N Greenbrier Ave Covington, VA Want a new home feel but with a great price? This is the home for you! A complete strip to...	2 beds \| 2 baths \| 1,352 sq.ft.	$139,000	Airbnb cash on cash: N/A Traditional cash on cash: 9.97% Airbnb Rental Income: $null Traditional Rental Income: $1591 Airbnb ROI: N/A Traditional ROI: 9.97%

Real Estate investment in Covington, VA

There are 15 properties for sale in the city of Covington . The median list price in Covington is $299,900 and the average price per square foot is $136. In April 2026, the average monthly cash on cash return in Covington is 8.00%. The average monthly rental income in Covington is $1,780.

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

There are 15 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 $930.

Your search for investment property begins and ends here

Investment Property for Sale in Covington, VA

908 E Dolly Ann Dr

Covington, VA

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

$339,998

Airbnb cash on cash: -1.92%

Traditional cash on cash: 5.46%

Airbnb Rental Income: $48

Traditional Rental Income: $2210

Airbnb ROI: -1.92%

Traditional ROI: 5.46%

500 Jacksons Flat

Covington, VA

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

$1,350,000

Airbnb cash on cash: -0.8%

Traditional cash on cash: 0.56%

Airbnb Rental Income: $930

Traditional Rental Income: $2286

Airbnb ROI: -0.8%

Traditional ROI: 0.56%

308 Crowder Hollow Rd

Covington, VA

3 beds | 2 baths | 1,570 sq.ft.

$2,590,000

Airbnb cash on cash: -0.86%

Traditional cash on cash: -0.2%

Airbnb Rental Income: $930

Traditional Rental Income: $2188

Airbnb ROI: -0.86%

Traditional ROI: -0.2%

5110 Rich Patch Rd

Covington, VA

3 beds | 3 baths | 2,199 sq.ft.

$345,000

Airbnb cash on cash: 0.19%

Traditional cash on cash: 5.96%

Airbnb Rental Income: $930

Traditional Rental Income: $2456

Airbnb ROI: 0.19%

Traditional ROI: 5.96%

252 S River Rd

Covington, VA

3 beds | 2 baths | 1,328 sq.ft.

$449,000

Airbnb cash on cash: -0.19%

Traditional cash on cash: 2.71%

Airbnb Rental Income: $930

Traditional Rental Income: $1805

Airbnb ROI: -0.19%

Traditional ROI: 2.71%

180 Old Country Road Rd

Covington, VA

3 beds | 2 baths | 1,440 sq.ft.

$299,900

Airbnb cash on cash: 0.35%

Traditional cash on cash: 4.54%

Airbnb Rental Income: $930

Traditional Rental Income: $1771

Airbnb ROI: 0.35%

Traditional ROI: 4.54%

3110 Jamison Mountain Rd

Covington, VA

4 beds | 1 baths | 2,409 sq.ft.

$179,900

Airbnb cash on cash: N/A

Traditional cash on cash: 7.82%

Airbnb Rental Income: $null

Traditional Rental Income: $1633

Airbnb ROI: N/A

Traditional ROI: 7.82%

3010 VALLEY RIDGE RD

Covington, VA

4 beds | 2 baths | 1,875 sq.ft.

$189,000

Airbnb cash on cash: N/A

Traditional cash on cash: 7.83%

Airbnb Rental Income: $null

Traditional Rental Income: $1789

Airbnb ROI: N/A