Fix And Flip Investment Properties for Sale in Richmond, KY
Fix & Flip
Listed for sale 5 days ago
$ 339,000
ROI
21.3
Cash Flow/m
148- 3 Bed
- 2 Bath
- 1420 sft
530 Southern Cross Dr, Richmond, KY, 40475
Fix & Flip
Listed for sale 6 days ago
$ 175,000
ROI
24.1Cash Flow/m
211- 2 Bed
- 1 Bath
- 1232 sft
1711 Irvine Rd, Richmond, KY, 40475
Fix & Flip
Listed for sale 6 days ago
$ 171,000
ROI
25.5Cash Flow/m
273- 3 Bed
- 1 Bath
- 1080 sft
1709 Irvine Rd, Richmond, KY, 40475
Fix & Flip
Motivated Seller
$ 375,000
ROI
23.7Cash Flow/m
407- 4 Bed
- 3 Bath
- 2436 sft
1787 Barnes Mill Rd, Richmond, KY, 40475
Why Invest in Richmond, Kentucky?
Richmond, KY offers strong potential for **fix-and-flip** investors targeting undervalued properties in a balanced market. Moderate home appreciation around 4% annually supports profitable flips after renovations. Competitive dynamics with homes selling near list price keep demand steady. Rental yields near 7% provide fallback options for longer holds. Local stability and job growth enhance resale appeal without extreme volatility.
18%
Avg. ROI
7.2%
Rental Yield
6.8%
Cap Rate
$450/mo
Avg. Cash Flow
$1400/mo
Avg. Rent
4.2%
1Y Appreciation
Frequently Asked Questions
Yes, with 4% appreciation and homes selling near list price after 50 days on market. Balanced inventory favors renovated properties in competitive segments. Focus on areas near EKU for quickest flips.
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