Under $500K Investment Properties for Sale in Phillipsburg, KS
228- 3 Bed
- 3 Bath
- 1564 sft
121- 3 Bed
- 2 Bath
- - sft
132- 3 Bed
- 3 Bath
- - sft
131- 2 Bed
- 2 Bath
- 1992 sft
Why Invest in Phillipsburg, Kansas?
Investing in Phillipsburg, KS under $500k offers unique opportunities in a growing small city with stable rental demand. The area exhibits an average ROI of 7.5%, rental yield around 8%, and a cap rate close to 6%, making it attractive for investors seeking cash flow. Average rental rates remain affordable, with appreciation potential driven by local economic stability. Properties under $500k typically generate a solid average cash flow of $400 monthly and have high renter occupancy rates near 85%.
Frequently Asked Questions
Properties under $500k in Phillipsburg typically include single-family homes and small multi-family units suitable for rental investments, offering good cash flow potential.
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