Condo Investment Properties for Sale in Alexandria, KY
$ 269,900
ROI
26.6
Cash Flow/m
515- 2 Bed
- 2 Bath
- 1229 sft
7769 Devonshire Dr #34-203, Alexandria, KY, 41001
$ 419,000
ROI
20.3Cash Flow/m
60- 2 Bed
- 3 Bath
- 1867 sft
7434 Loch Lomond Dr, Alexandria, KY, 41001
$ 279,999
ROI
20.4Cash Flow/m
47- 2 Bed
- 2 Bath
- 1611 sft
750 Yorkshire Dr, Alexandria, KY, 41001
$ 259,900
ROI
31.6Cash Flow/m
859- 2 Bed
- 2 Bath
- 1229 sft
7771 Devonshire Dr, Alexandria, KY, 41001
Why Invest in Alexandria, Kentucky?
Investing in condos in Alexandria, KY offers a promising opportunity for real estate investors seeking stable rental income and appreciation. The local condo market enjoys an average ROI of 7%, supported by a rental yield of 6.5% and cap rates around 5%. Condos here attract a strong renter base with a renter occupancy rate of 65%, ensuring steady cash flow averaging $350 monthly. Appreciation rates remain solid at 3.5%, driven by Alexandria's growing economy and housing demand.
7%
Avg. ROI
6.5%
Rental Yield
5%
Cap Rate
$350/mo
Avg. Cash Flow
$950/mo
Avg. Rent
3.5%
1Y Appreciation
Frequently Asked Questions
The average rental yield for condos in Alexandria, KY is about 6.5%, making it an attractive option for investors seeking stable income.
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