Under $200K Investment Properties for Sale in Richmond, KY
262- 3 Bed
- 1 Bath
- 1144 sft
348- 3 Bed
- 2 Bath
- 1292 sft
98- 3 Bed
- 2 Bath
- 1438 sft
551- 3 Bed
- 2 Bath
- 1402 sft
Why Invest in Richmond, Kentucky?
Discover investment opportunities in Richmond, KY under $200k, where affordable single-family homes and duplexes offer strong entry points for cash-flow focused investors. Rental yields average 8-10% with cap rates around 7%, driven by steady demand from Eastern Kentucky University students and local workforce. Annual appreciation holds at 4-5%, supported by population growth and low vacancy rates under 5%. Cash flow potential reaches $300-500 monthly per property, making it ideal for beginners targeting high-ROI rentals. Stable job market from healthcare and education sectors ensures reliable tenant occupancy above 60%. Limited supply under $200k enhances long-term value growth.
Frequently Asked Questions
Focus on single-family homes and small duplexes near EKU, offering 8-10% yields and $400 monthly cash flow. These properties attract students and workers with low maintenance. Demand keeps vacancies under 5%.
Find Your Perfect Investment Property in Richmond, Kentucky
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