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
5.9%
Avg Cash on Cash
-5.1%
Median Cashflow
-$129/mo
Avg Rent Estimate
$2,152/mo
Avg Price
$342,150
Price Range
$195,200 - $665,000
Rent to Price
0.63%
low ratio
Positive Cashflow
30%
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 5.9% 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 -$129 with average rents of $2,152/month. Properties range from $195,200 to $665,000, offering entry points across multiple investment budgets.
Covington, LA Rental Market Insights
- •Median cashflow is -$129/month — careful deal selection is essential here
- •5.9% median cap rate reflects a balanced risk-return profile
- •At 30% positive cashflow rate, Covington, LA requires selective property picks
- •Mid-to-upper tier market with properties from $195,200 to $665,000
- •Early-stage market data — revisit as more properties are analyzed for stronger signals