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
2.9%
Avg Cash on Cash
-17.6%
Median Cashflow
-$2,694/mo
Avg Rent Estimate
$3,960/mo
Avg Price
$831,189
Price Range
$700K – $1M
approximate
Rent to Price
0.48%
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 2.9%, 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 -$2,694 with average rents of $3,960/month. Properties are priced about $700,000 to $1,000,000, offering entry points across multiple investment budgets.
3412 N San Joaquin Rd, Covina, CA 91724
Price
$1,135,000
Rent
$4,420
CachFlow
-$4,531
CoC
-22.81
Covina, CA Rental Market Insights
- Median cashflow is -$2,694/month — careful deal selection is essential here
- 2.9% median cap rate is typical of appreciation-focused markets
- At 0% positive cashflow rate, Covina, CA requires selective property picks
- Premium market with properties priced about $700,000 to $1,000,000
- Consider this market if your strategy favors equity growth with rental income covering holding costs