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

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
114 Cliffview DR Covington, VA This would make a great starter home and priced $53,000 under tax assessment. Deals like t...	4 beds \| 2 baths \| 1,752 sq.ft.	$194,000	Airbnb cash on cash: N/A Traditional cash on cash: 9.53% Airbnb Rental Income: $null Traditional Rental Income: $2148 Airbnb ROI: N/A Traditional ROI: 9.53%
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: -0.68% Traditional cash on cash: 5.46% Airbnb Rental Income: $522 Traditional Rental Income: $2210 Airbnb ROI: -0.68% 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: -0.58% Traditional cash on cash: 0.56% Airbnb Rental Income: $1259 Traditional Rental Income: $2286 Airbnb ROI: -0.58% 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: 1.86% Traditional cash on cash: 6.28% Airbnb Rental Income: $1259 Traditional Rental Income: $1900 Airbnb ROI: 1.86% Traditional ROI: 6.28%
2321 S Lewis Ave Covington, VA Completely remodeled 3 bedroom, full bath home in the desirable neighborhood of Edgemont. ...	3 beds \| 1 baths \| 1,148 sq.ft.	$139,000	Airbnb cash on cash: 4.39% Traditional cash on cash: 10.78% Airbnb Rental Income: $1259 Traditional Rental Income: $1712 Airbnb ROI: 4.39% Traditional ROI: 10.78%
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: 3.26% Traditional cash on cash: 7.46% Airbnb Rental Income: $1259 Traditional Rental Income: $1579 Airbnb ROI: 3.26% 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: 1.68% Traditional cash on cash: 6% Airbnb Rental Income: $1259 Traditional Rental Income: $1900 Airbnb ROI: 1.68% Traditional ROI: 6%
401 Piney Ridge RD Covington, VA River Frontage Welcome to 401 Piney Ridge Rd, a stunning custom-built-home offering 30...	4 beds \| 5 baths \| 3,300 sq.ft.	$539,950	Airbnb cash on cash: N/A Traditional cash on cash: 7.05% Airbnb Rental Income: $null Traditional Rental Income: $4297 Airbnb ROI: N/A Traditional ROI: 7.05%
504 Dunbrack CIR Covington, VA Riverfront living on the beautiful Jackson River. A perfect spot for full-time relaxation,...	3 beds \| 1 baths \| 1,350 sq.ft.	$245,950	Airbnb cash on cash: 2.09% Traditional cash on cash: 5.2% Airbnb Rental Income: $1259 Traditional Rental Income: $1582 Airbnb ROI: 2.09% Traditional ROI: 5.2%
1311 Cherokee Trl Covington, VA Welcome home to this beautifully maintained split-level retreat that perfectly blends neig...	3 beds \| 2 baths \| 1,660 sq.ft.	$265,000	Airbnb cash on cash: 1.76% Traditional cash on cash: 6% Airbnb Rental Income: $1259 Traditional Rental Income: $1922 Airbnb ROI: 1.76% Traditional ROI: 6%
5110 Rich Patch Rd Covington, VA Interior photos to come! Come home to bygone-era tranquility and contemporary comfort in t...	4 beds \| 3 baths \| 2,199 sq.ft.	$445,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.57% Airbnb Rental Income: $null Traditional Rental Income: $1674 Airbnb ROI: N/A Traditional ROI: 2.57%
252 River RD S 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.	$537,450	Airbnb cash on cash: 0.5% Traditional cash on cash: 2.38% Airbnb Rental Income: $1259 Traditional Rental Income: $1805 Airbnb ROI: 0.5% Traditional ROI: 2.38%
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: 2.05% Traditional cash on cash: 5.62% Airbnb Rental Income: $1259 Traditional Rental Income: $1634 Airbnb ROI: 2.05% Traditional ROI: 5.62%
141 N Court Ave Covington, VA	3 beds \| 2 baths \| 2,053 sq.ft.	$172,000	Airbnb cash on cash: 3.27% Traditional cash on cash: 8.87% Airbnb Rental Income: $1259 Traditional Rental Income: $1779 Airbnb ROI: 3.27% Traditional ROI: 8.87%
1304 W Jackson St Covington, VA Don't miss out on this cute brick home that is ready to make lots of memories for you and ...	3 beds \| 2 baths \| 1,309 sq.ft.	$159,900	Airbnb cash on cash: 3.69% Traditional cash on cash: 10.16% Airbnb Rental Income: $1259 Traditional Rental Income: $1848 Airbnb ROI: 3.69% Traditional ROI: 10.16%
312 S Craig Ave Covington, VA CHARMER ALERT! This cottage brings all the charm and coziness there is to offer. This styl...	3 beds \| 1 baths \| 1,000 sq.ft.	$139,000	Airbnb cash on cash: 4.46% Traditional cash on cash: 10.61% Airbnb Rental Income: $1259 Traditional Rental Income: $1681 Airbnb ROI: 4.46% Traditional ROI: 10.61%
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: 2.46% Traditional cash on cash: 8.15% Airbnb Rental Income: $1259 Traditional Rental Income: $1914 Airbnb ROI: 2.46% 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: 3.26% Traditional cash on cash: 7.37% Airbnb Rental Income: $1259 Traditional Rental Income: $1526 Airbnb ROI: 3.26% Traditional ROI: 7.37%
1331 Cherokee Trl Covington, VA If you're looking for privacy, beautiful Mountain Views, National Forest, and minutes to t...	3 beds \| 2 baths \| 2,072 sq.ft.	$299,500	Airbnb cash on cash: 1.2% Traditional cash on cash: 5.76% Airbnb Rental Income: $1259 Traditional Rental Income: $2147 Airbnb ROI: 1.2% Traditional ROI: 5.76%
805 W Jackson St Covington, VA Charming 2 bedroom one bath home sits on a corner lot located on Jackson Street. This cozy...	2 beds \| 1 baths \| 1,000 sq.ft.	$119,500	Airbnb cash on cash: N/A Traditional cash on cash: 10.07% Airbnb Rental Income: $null Traditional Rental Income: $1409 Airbnb ROI: N/A Traditional ROI: 10.07%

Real Estate investment in Covington, VA

There are 20 properties for sale in the city of Covington . The median list price in Covington is $195,000 and the average price per square foot is $110. In December 2025, the average monthly cash on cash return in Covington is 7.00%. The average monthly rental income in Covington is $1,848.

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

There are 20 investment properties available for sale in Covington.

In 2025, the best neighborhood to buy investment property is Covington.

The ROI for Long-Term is higher than the Short-Term in Covington with average rental income of $1,848.

Your search for investment property begins and ends here

Investment Property for Sale in Covington, VA

114 Cliffview DR

Covington, VA

4 beds | 2 baths | 1,752 sq.ft.

$194,000

Airbnb cash on cash: N/A

Traditional cash on cash: 9.53%

Airbnb Rental Income: $null

Traditional Rental Income: $2148

Airbnb ROI: N/A

Traditional ROI: 9.53%

908 E Dolly Ann DR

Covington, VA

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

$339,998

Airbnb cash on cash: -0.68%

Traditional cash on cash: 5.46%

Airbnb Rental Income: $522

Traditional Rental Income: $2210

Airbnb ROI: -0.68%

Traditional ROI: 5.46%

500 Jacksons Flat

Covington, VA

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

$1,350,000

Airbnb cash on cash: -0.58%

Traditional cash on cash: 0.56%

Airbnb Rental Income: $1259

Traditional Rental Income: $2286

Airbnb ROI: -0.58%

Traditional ROI: 0.56%

1919 S Raymond AVE

Covington, VA

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

$249,000

Airbnb cash on cash: 1.86%

Traditional cash on cash: 6.28%

Airbnb Rental Income: $1259

Traditional Rental Income: $1900

Airbnb ROI: 1.86%

Traditional ROI: 6.28%

2321 S Lewis Ave

Covington, VA

3 beds | 1 baths | 1,148 sq.ft.

$139,000

Airbnb cash on cash: 4.39%

Traditional cash on cash: 10.78%

Airbnb Rental Income: $1259

Traditional Rental Income: $1712

Airbnb ROI: 4.39%

Traditional ROI: 10.78%

8122 Rich Patch RD

Covington, VA

3 beds | 1 baths | 1,292 sq.ft.

$179,950

Airbnb cash on cash: 3.26%

Traditional cash on cash: 7.46%

Airbnb Rental Income: $1259

Traditional Rental Income: $1579

Airbnb ROI: 3.26%

Traditional ROI: 7.46%

304 Broken Arrow LN

Covington, VA

3 beds | 2 baths | 1,540 sq.ft.

$254,999

Airbnb cash on cash: 1.68%

Traditional cash on cash: 6%

Airbnb Rental Income: $1259

Traditional Rental Income: $1900

Airbnb ROI: 1.68%

Traditional ROI: 6%

401 Piney Ridge RD

Covington, VA

4 beds | 5 baths | 3,300 sq.ft.

$539,950

Airbnb cash on cash: N/A

Traditional cash on cash: 7.05%

Airbnb Rental Income: $null

Traditional Rental Income: $4297

Airbnb ROI: N/A