Under $500K Investment Properties for Sale in Drake, CO
Listed for sale 5 days ago
$ 420,000
ROI
31.7
Cash Flow/m
1392- 3 Bed
- 2 Bath
- 1624 sft
270 River Fork Rd, Drake, CO, 80515
$ 486,900
ROI
22.7Cash Flow/m
397- 2 Bed
- 2 Bath
- 1248 sft
280 Streamside Dr, Drake, CO, 80515
$ 375,000
ROI
24.4Cash Flow/m
484- 1 Bed
- 1 Bath
- 520 sft
28 Possum Ct, Drake, CO, 80515
$ 429,000
ROI
21.1Cash Flow/m
163- 2 Bed
- 1 Bath
- 1050 sft
1002 Spruce Mountain Dr, Drake, CO, 80515
Why Invest in Drake, Colorado?
Investing in properties under $500k in Colorado offers a unique opportunity as demand continues to outpace supply. The state features diverse regions with appreciating values, making it attractive for long-term investors. With an average rental yield of 6%, investors can enjoy strong cash flow while benefiting from robust economic growth.
12%
Avg. ROI
6%
Rental Yield
7%
Cap Rate
$300/mo
Avg. Cash Flow
$1500/mo
Avg. Rent
5%
1Y Appreciation
Frequently Asked Questions
In Colorado, you can find various property types under $500k, including single-family homes, condos, and townhouses. The exact options vary by market and area, but many offer good investment potential.
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