Covina, CA Long-Term Rental Analysis
Analyze rental property cap rates, cash-on-cash returns, and cashflow for long-term rental investments in Covina, CA. Based on 10+ datapoints.
Covina, CA Long-Term Rental Investment Snapshot
Based on 10+ long-term rental datapoints
Median Cap Rate
3.2%
Avg Cash on Cash
-13.5%
Median Cashflow
-$2,003/mo
Avg Rent Estimate
$3,817/mo
Avg Price
$821,945
Price Range
$650,000 - $988,000
Rent to Price
0.46%
low ratio
Positive Cashflow
0%
of analyzed properties
Recent real estate investor listings analysed as long-term rental deals in Covina, CA
Covina, CA is primarily an appreciation-driven market for long-term rental investors. Cap rates average 3.2%, typical of premium markets where property value growth complements rental income. Investors here build equity through appreciation while rental income covers holding costs.
Based on 10+ analyzed properties, the median monthly cashflow in Covina, CA is -$2,003 with average rents of $3,817/month. Properties range from $650,000 to $988,000, offering entry points across multiple investment budgets.
2847 N Monte Verde Dr, Covina, CA 91724
Price
$1,658,900
Rent
$4,605
CachFlow
-$7,004
CoC
-24.13
Covina, CA Rental Market Insights
- •Median cashflow is -$2,003/month — careful deal selection is essential here
- •3.2% median cap rate is typical of appreciation-focused markets
- •At 0% positive cashflow rate, Covina, CA requires selective property picks
- •Premium market with properties from $650,000 to $988,000
- •Consider this market if your strategy favors equity growth with rental income covering holding costs