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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $500K 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
$ 335,000
ROI
21.9Cash Flow/m
203- 2 Bed
- 2 Bath
- 1696 sft
720 Burg Hill Rd, Springfield, KY, 40069
Why Invest in Springfield, Kentucky?
Investing in Springfield, KY properties under $500k offers a great opportunity for steady cash flow and appreciation. The area features an average rental yield of 7.2% and a cap rate of 6.5%, making it attractive for rental property investors. Average cash flow remains positive with moderate appreciation trends. Investors benefit from a renter-occupied rate near 52%, highlighting steady tenant demand and stable rental income potential.
8%
Avg. ROI
7.2%
Rental Yield
6.5%
Cap Rate
$700/mo
Avg. Cash Flow
$900/mo
Avg. Rent
3.5%
1Y Appreciation
Frequently Asked Questions
Properties under $500k in Springfield commonly include single-family homes, duplexes, and smaller multifamily buildings. These homes often appeal to investors seeking rental income with moderate purchase prices.
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