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 15+ datapoints.
Covina, CA Long-Term Rental Investment Snapshot
Based on 15+ long-term rental datapoints
Median Cap Rate
2.9%
Avg Cash on Cash
-15.3%
Median Cashflow
-$2,156/mo
Avg Rent Estimate
$3,839/mo
Avg Price
$857,413
Price Range
$650,000 - $1,195,000
Rent to Price
0.45%
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 15+ analyzed properties, the median monthly cashflow in Covina, CA is -$2,156 with average rents of $3,839/month. Properties range from $650,000 to $1,195,000, offering entry points across multiple investment budgets.
1045 N Azusa Ave Trailer 211, Covina, CA 91722
Price
$195,000
Rent
$2,646
CachFlow
$847
CoC
24.82
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 -$2,156/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 from $650,000 to $1,195,000
- •Consider this market if your strategy favors equity growth with rental income covering holding costs