Condo Investment Properties for Sale in Prospect, KY
Listed for sale 3 days ago
$ 490,000
ROI
22.9
Cash Flow/m
421- 2 Bed
- 4 Bath
- 2880 sft
6714 Deep Creek Dr, Prospect, KY, 40059
Listed for sale 6 days ago
$ 130,000
ROI
26.2Cash Flow/m
233- 1 Bed
- 1 Bath
- 735 sft
8007 Montero Dr #F6, Prospect, KY, 40059
$ 392,500
ROI
23.6Cash Flow/m
424- 2 Bed
- 2 Bath
- 1260 sft
10619 Meeting St Unit 203, Prospect, KY, 40059
$ 365,000
ROI
22.4Cash Flow/m
270- 2 Bed
- 2 Bath
- 1044 sft
10619 Meeting St Unit 202, Prospect, KY, 40059
Why Invest in Prospect, Kentucky?
Investing in condos in Prospect, KY offers unique opportunities within this affluent Louisville suburb. This market benefits from a steady rental yield around 6%, a moderate cap rate nearing 5%, and average cash flows appealing to investors. Appreciation rates of approximately 3% annually and an average ROI near 8% enhance long-term value. The renter-occupied rate is healthy, reflecting balanced demand for residential units.
8%
Avg. ROI
6%
Rental Yield
5%
Cap Rate
$1200/mo
Avg. Cash Flow
$1100/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
The average rental yield for condos in Prospect is approximately 6%, reflecting a stable rental market suitable for investors.
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