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 30+ datapoints.
Covington, LA Long-Term Rental Investment Snapshot
Based on 30+ long-term rental datapoints
Median Cap Rate
5.4%
Avg Cash on Cash
-5.5%
Median Cashflow
-$194/mo
Avg Rent Estimate
$2,186/mo
Avg Price
$352,006
Price Range
$160,700 - $746,500
Rent to Price
0.62%
low ratio
Positive Cashflow
33%
of analyzed properties
Recent real estate investor listings analysed as long-term rental deals in Covington, LA
Covington, LA presents a balanced long-term rental investment profile across 30+ analyzed datapoints. A median 5.4% cap rate combined with -5.5% 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 30+ analyzed properties, the median monthly cashflow in Covington, LA is -$194 with average rents of $2,186/month. Properties range from $160,700 to $746,500, offering entry points across multiple investment budgets.
Covington, LA Rental Market Insights
- •Median cashflow is -$194/month — careful deal selection is essential here
- •5.4% median cap rate reflects a balanced risk-return profile
- •At 33% positive cashflow rate, Covington, LA requires selective property picks
- •Mid-to-upper tier market with properties from $160,700 to $746,500