Under $500K Investment Properties for Sale in Central City, KY
Listed for sale 7 days ago
$ 260,000
ROI
24.3
Cash Flow/m
332- 3 Bed
- 2 Bath
- 1393 sft
149 S Cherry Hill Rd, Central City, KY, 42330
$ 150,000
ROI
26.0Cash Flow/m
261- 3 Bed
- 2 Bath
- 1568 sft
350 Old Greenville Rd, Central city, KY, 42330
Fix & Flip
$ 129,900
ROI
33.3Cash Flow/m
490- 3 Bed
- 1 Bath
- 1170 sft
607 N 2nd St, Central City, KY, 42330
$ 199,000
ROI
25.3Cash Flow/m
308- 4 Bed
- 2 Bath
- 1750 sft
126 Shady Oak Dr, Central City, KY, 42330
Why Invest in Central City, Kentucky?
Investing in Central City, KY properties under $500k offers attractive opportunities in a stable market. The area features an average ROI of 7.5% and rental yields around 8%, supported by a 6% cap rate. With average cash flow nearing $350 monthly and rents averaging $900, there’s strong potential for steady income. Appreciation remains healthy at 3.5%, with renter occupancy at 65%, indicating a consistent tenant pool.
7.5%
Avg. ROI
8%
Rental Yield
6%
Cap Rate
$350/mo
Avg. Cash Flow
$900/mo
Avg. Rent
3.5%
1Y Appreciation
Frequently Asked Questions
In Central City, KY, properties under $500k typically include single-family homes, small multifamily units, and some townhomes. These options provide good entry points for investors looking for stable rental income.
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