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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Condo Investment Properties for Sale in Owensboro, KY
Listed for sale 1 day ago
$ 165,000
ROI
22.4
Cash Flow/m
119- 2 Bed
- 3 Bath
- 1400 sft
1855 Aspenwood Ct APT B4, Owensboro, KY, 42301
$ 259,900
ROI
21.5Cash Flow/m
122- 2 Bed
- 2 Bath
- 1025 sft
2003 Trillium Gdns, Owensboro, KY, 42303
$ 162,500
ROI
22.2Cash Flow/m
112- 2 Bed
- 3 Bath
- 1490 sft
1855 Aspenwood Ct APT B1, Owensboro, KY, 42301
$ 169,900
ROI
22.1Cash Flow/m
113- 2 Bed
- 1 Bath
- 875 sft
3050 Sterling Ct, Owensboro, KY, 42303
Why Invest in Owensboro, Kentucky?
Owensboro, KY offers strong potential for condo investors seeking stable returns in a growing market. Recent data shows home values up 3-7% annually, supporting solid appreciation. Average rents around $1,400 provide rental yields of 6-8% with cap rates near 7%. Renter occupancy exceeds 35%, driven by local employment and affordability. Cash flow averages $300-500 monthly for well-located condos.
8.5%
Avg. ROI
7.2%
Rental Yield
7.1%
Cap Rate
$420/mo
Avg. Cash Flow
$1386/mo
Avg. Rent
4.2%
1Y Appreciation
Frequently Asked Questions
Yes, condos offer 7% cap rates and 6-8% yields due to rising rents and stable appreciation. High renter occupancy (37%) and low vacancy support cash flow. Affordability attracts relocating workers and students.
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