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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $500K Investment Properties for Sale in Melbourne, KY
$ 210,000
ROI
24.6
Cash Flow/m
282- 3 Bed
- 2 Bath
- - sft
3910 Nine Mile Rd, Melbourne, KY, 41059
$ 239,900
ROI
21.3Cash Flow/m
100- 3 Bed
- 2 Bath
- 1368 sft
418 Huntington Ave, Melbourne, KY, 41059
$ 129,900
ROI
37.7Cash Flow/m
649- - Bed
- - Bath
- - sft
LOT 5 Uhl Rd, Melbourne, KY, 41059
$ 269,000
ROI
29.7Cash Flow/m
744- 2 Bed
- 2 Bath
- 1514 sft
6061 Black Rd, Melbourne, KY, 41059
Why Invest in Melbourne, Kentucky?
Investing in Melbourne, KY properties under $500k offers a promising opportunity for investors seeking affordable entry points. This market features an average ROI of 7.5%, rental yields around 6.2%, and cap rates averaging 6.8%. The average cash flow remains steady at $450 monthly, with average rents close to $900. Appreciation rates have been stable, making it an attractive market for steady growth and rental demand with renter occupancy near 65%.
7.5%
Avg. ROI
6.2%
Rental Yield
6.8%
Cap Rate
$450/mo
Avg. Cash Flow
$900/mo
Avg. Rent
3.5%
1Y Appreciation
Frequently Asked Questions
Melbourne offers affordable property prices with solid rental yields around 6.2% and consistent appreciation. Its proximity to major employers and steady population growth supports rental demand.
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