Under $500K Investment Properties for Sale in Phelps, KY
249- 6 Bed
- 2 Bath
- 1773 sft
- 2 Bed
- 1 Bath
- 899 sft
192- 3 Bed
- 2 Bath
- 2328 sft
150- 3 Bed
- 2 Bath
- 1382 sft
172- 2 Bed
- 1 Bath
- 912 sft
144- 3 Bed
- 2 Bath
- 960 sft
146- 3 Bed
- 2 Bath
- 1540 sft
-- 1 Bed
- 1 Bath
- 384 sft
-- 2 Bed
- 1 Bath
- 1100 sft
159- 3 Bed
- 1 Bath
- 1050 sft
164- 2 Bed
- 1 Bath
- - sft
191- 3 Bed
- 1 Bath
- 925 sft
-- - Bed
- - Bath
- - sft
178- 2 Bed
- 1 Bath
- 960 sft
179- 2 Bed
- 1 Bath
- 728 sft
-- 5 Bed
- 1 Bath
- 1376 sft
163- 3 Bed
- 2 Bath
- 1448 sft
147- 3 Bed
- 1 Bath
- 1232 sft
-- 3 Bed
- 1 Bath
- 2253 sft
176- 3 Bed
- 2 Bath
- 1200 sft
-- 3 Bed
- 1 Bath
- 1071 sft
148- 3 Bed
- 2 Bath
- 1443 sft
172- 2 Bed
- 1 Bath
- 1444 sft
257- 2 Bed
- 1 Bath
- 720 sft
Why Invest in Phelps, Kentucky?
Investing in Kentucky properties under $500k offers a balanced approach to capturing the state's steady growth and affordable real estate market. Kentucky features an average ROI of around 7.2%, with rental yields near 8%, making it attractive for investors focused on rental income and appreciation. The cap rate typically hovers around 6%, while average cash flow remains strong thanks to reasonable property prices. Kentucky’s renter-occupied rate of approximately 38% supports a solid leasing market, ideal for diversifying within an under $500k budget.
Frequently Asked Questions
Investing under $500k in Kentucky provides access to affordable properties with solid rental yields and steady appreciation, ideal for investors seeking balanced risk and cash flow.
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