Covington, GA Long-Term Rental Analysis
Analyze rental property cap rates, cash-on-cash returns, and cashflow for long-term rental investments in Covington, GA. Based on 50+ datapoints.
Covington, GA Long-Term Rental Investment Snapshot
Based on 50+ long-term rental datapoints
Median Cap Rate
4.5%
Avg Cash on Cash
-9%
Median Cashflow
-$480/mo
Avg Rent Estimate
$1,899/mo
Avg Price
$310,122
Price Range
$157,300 - $467,400
Rent to Price
0.61%
low ratio
Positive Cashflow
2%
of analyzed properties
Recent real estate investor listings analysed as long-term rental deals in Covington, GA
Covington, GA presents a balanced long-term rental investment profile across 50+ analyzed datapoints. A median 4.5% cap rate combined with -9% average cash-on-cash returns make this a solid market for investors seeking a mix of cashflow and stability at a mid-to-upper tier price point.
Based on 50+ analyzed properties, the median monthly cashflow in Covington, GA is -$480 with average rents of $1,899/month. Properties range from $157,300 to $467,400, offering entry points across multiple investment budgets.
Covington, GA Rental Market Insights
- •Median cashflow is -$480/month — careful deal selection is essential here
- •4.5% median cap rate is typical of appreciation-focused markets
- •At 2% positive cashflow rate, Covington, GA requires selective property picks
- •Mid-to-upper tier market with properties from $157,300 to $467,400