Under $500K Investment Properties for Sale in Ellis, KS
170- 3 Bed
- 1 Bath
- 1283 sft
346- 3 Bed
- 1 Bath
- 1120 sft
202- 4 Bed
- 3 Bath
- 2240 sft
46- 4 Bed
- 2 Bath
- 2040 sft
Why Invest in Ellis, Kansas?
Investing in Ellis, KS properties under $500k offers unique opportunities in a stable and growing market. This affordable segment delivers an average ROI of 7%, supported by a rental yield of 6%. The cap rate stands at a solid 5.5%, indicating steady cash flow potential with an average monthly cash flow of $300. Average rents hover around $800, while home appreciation remains consistent at 3% annually. Approximately 65% of housing units are renter-occupied, highlighting strong rental demand.
Frequently Asked Questions
Properties under $500k in Ellis typically include single-family homes and small multi-family buildings. These options provide affordable investment opportunities with positive cash flow potential.
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