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
5.5%
Avg Cash on Cash
-5.3%
Median Cashflow
-$194/mo
Avg Rent Estimate
$2,253/mo
Avg Price
$366,590
Price Range
$160,700 - $819,300
Rent to Price
0.61%
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 5.5% 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 -$194 with average rents of $2,253/month. Properties range from $160,700 to $819,300, offering entry points across multiple investment budgets.
1305 Abita River Dr, Covington, LA 70433
Price
$479,300
Rent
$2,513
CachFlow
-$1,027
CoC
-12.24
Covington, LA Rental Market Insights
- •Median cashflow is -$194/month — careful deal selection is essential here
- •5.5% 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 $160,700 to $819,300
- •Early-stage market data — revisit as more properties are analyzed for stronger signals