Under $200K Investment Properties for Sale in Effingham, KS
149- 2 Bed
- 1 Bath
- 1000 sft
55- 3 Bed
- 1 Bath
- 1323 sft
22- 3 Bed
- 2 Bath
- 1682 sft
41- 2 Bed
- 2 Bath
- 1130 sft
Why Invest in Effingham, Kansas?
Investing in Effingham, KS properties under $200k presents a compelling opportunity for affordable entry into the real estate market. This niche market benefits from an average ROI of 7.2%, with rental yields at 8.5%, making it attractive for cash flow investors. The cap rate of 6.8% and an average cash flow of $350 per month indicate strong investment potential. Rising appreciation rates of 3.1% further support long-term value growth in this small Kansas city.
Frequently Asked Questions
Properties under $200k in Effingham generally include single-family homes, smaller multi-family units, and some manufactured homes. These offer good opportunities for entry-level investment and affordable housing.
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