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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $300K Investment Properties for Sale in Springfield, KY
Listed for sale 7 days ago
$ 299,900
ROI
21.8
Cash Flow/m
168- 3 Bed
- 2 Bath
- 2475 sft
107 Covington St, Springfield, KY, 40069
Listed for sale 7 days ago
$ 299,900
ROI
21.3Cash Flow/m
130- 3 Bed
- 2 Bath
- 2475 sft
107 Covington Ave, Springfield, KY, 40069
$ 160,000
ROI
26.6Cash Flow/m
306- 3 Bed
- 2 Bath
- - sft
214 E Virginia Ave, Springfield, KY, 40069
$ 159,900
ROI
19.9Cash Flow/m
5- 4 Bed
- 2 Bath
- 2256 sft
124 Lebanon Hill Rd, Springfield, KY, 40069
Why Invest in Springfield, Kentucky?
Investing in Springfield, KY under $300k offers attractive opportunities for real estate investors seeking affordable entry points. The local market benefits from a steady rental yield around 7%, average rent approximately $750/month, and cap rates near 6%. Appreciation has been moderate at about 2.5% annually, supported by a renter occupancy near 55%. These metrics reflect a balanced market suitable for achieving consistent cash flow from investments under $300k.
8%
Avg. ROI
7%
Rental Yield
6%
Cap Rate
$450/mo
Avg. Cash Flow
$750/mo
Avg. Rent
2.5%
1Y Appreciation
Frequently Asked Questions
Properties under $300k in Springfield typically include single-family homes, small multi-family units, and condominiums, providing diverse investment opportunities.
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