Under $500K Investment Properties for Sale in Graymoor Devondale, KY
Listed for sale 3 days ago
$ 375,000
ROI
30.9
Cash Flow/m
1163- 4 Bed
- 3 Bath
- 2883 sft
7021 Graymoor Rd, Graymoor Devondale, KY, 40222
Listed for sale 6 days ago
$ 289,900
ROI
26.4Cash Flow/m
534- 3 Bed
- 2 Bath
- 2092 sft
7801 Fairmeadows Ln, Graymoor Devondale, KY, 40222
Listed for sale 7 days ago
$ 350,000
ROI
20.1Cash Flow/m
30- 2 Bed
- 2 Bath
- 1880 sft
1705 Devondale Dr, Graymoor Devondale, KY, 40222
$ 475,000
ROI
28.2Cash Flow/m
1117- 4 Bed
- 4 Bath
- 3719 sft
1710 Devondale Dr, Graymoor Devondale, KY, 40222
Why Invest in Graymoor Devondale, Kentucky?
Investing in Graymoor-Devondale, KY under $500k offers affordable entry into a growing real estate market. This price filter targets properties that yield average rental yields around 7%, a cap rate near 6%, and solid cash flow potential. Louisville metro area continues to see steady appreciation close to 3% annually. The area's renter-occupied rate is approximately 40%, reflecting strong tenant demand. Economic indicators and rising median incomes further bolster investment appeal.
8%
Avg. ROI
7%
Rental Yield
6%
Cap Rate
$450/mo
Avg. Cash Flow
$950/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
Properties under $500k primarily include single-family homes, townhouses, and some small multifamily units suitable for investors seeking cash flow opportunities.
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