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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $200K Investment Properties for Sale in New Castle, KY
$ 125,000
ROI
26.4
Cash Flow/m
231- 3 Bed
- 1 Bath
- 1428 sft
24 College St, New Castle, KY, 40050
$ 180,000
ROI
29.0Cash Flow/m
462- 2 Bed
- 1 Bath
- 1216 sft
255 E Cross Main St, New Castle, KY, 40050
Motivated Seller
$ 155,000
ROI
26.1Cash Flow/m
276- 2 Bed
- 2 Bath
- 1260 sft
371 S Main St, New Castle, KY, 40050
Fix & Flip
$ 195,000
ROI
30.5Cash Flow/m
582- 3 Bed
- 1 Bath
- 1025 sft
161 Sulphur Rd, New Castle, KY, 40050
Why Invest in New Castle, Kentucky?
Investing in real estate under $200k in New Castle, KY offers a solid opportunity for cost-conscious investors seeking steady returns. This market features an average rental yield of over 8%, making it attractive for cash flow-focused strategies. The cap rate hovers around 7%, supporting stable income potential. With appreciation at 3% annually and a renter-occupied rate above 60%, New Castle provides a balanced investment landscape backed by local economic stability and affordable entry prices.
9%
Avg. ROI
8%
Rental Yield
7%
Cap Rate
$850/mo
Avg. Cash Flow
$725/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
Properties listed under $200k in New Castle generally yield an average ROI around 9%, making them attractive for investors seeking steady income.
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