Covington, LA Long-Term Rental Analysis
Analyze rental property cap rates, cash-on-cash returns, and cashflow for long-term rental investments in Covington, LA. Based on 20+ datapoints.
Covington, LA Long-Term Rental Investment Snapshot
Based on 20+ long-term rental datapoints
Median Cap Rate
6%
Avg Cash on Cash
-3.6%
Median Cashflow
-$141/mo
Avg Rent Estimate
$2,089/mo
Avg Price
$282,695
Price Range
$110,000 - $485,700
Rent to Price
0.74%
low ratio
Positive Cashflow
25%
of analyzed properties
Recent real estate investor listings analysed as long-term rental deals in Covington, LA
Covington, LA is an emerging long-term rental market gaining investor attention. With 20+ properties analyzed, early data shows the market is developing. The median cap rate of 6% suggests room for early-mover advantage as more rental inventory becomes available.
Based on 20+ analyzed properties, the median monthly cashflow in Covington, LA is -$141 with average rents of $2,089/month. Properties range from $110,000 to $485,700, offering entry points across multiple investment budgets.
704 Branch Crossing Dr, Covington, LA 70435
Price
$264,200
Rent
$2,091
CachFlow
-$232
CoC
-5.02
Covington, LA Rental Market Insights
- •Median cashflow is -$141/month — careful deal selection is essential here
- •6% median cap rate reflects a balanced risk-return profile
- •At 25% positive cashflow rate, Covington, LA requires selective property picks
- •Moderately priced market with properties from $110,000 to $485,700
- •Early-stage market data — revisit as more properties are analyzed for stronger signals