Is Lee's Summit, MO a good place to invest in rental property?

Lee's Summit, MO has a median modeled monthly cash flow of $-1,438 and a median cap rate of 2.6%, on a median sold price of $409,725. Prices changed +0.6% year over year.

What is the average cap rate in Lee's Summit, MO?

The median cap rate across recently sold homes in Lee's Summit, MO is 2.6%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Lee's Summit, MO?

The median sold price in Lee's Summit, MO is $409,725 (about $174 per square foot).

Investing in Lee's Summit, MO Real Estate

A data-driven snapshot of the Lee's Summit, MO rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$409,725Median sold price

$174Median $/sqft

2.6%Median cap rate

$-1,438Modeled cash flow / mo

+0.6%Appreciation YoY

5.8Months of supply

828Active listings

1,712Sold (last 12 mo)

What the Lee's Summit numbers say

In Lee's Summit, MO, the median home sold for $409,725 (about $174 per square foot), and the typical deal models out to a 2.6% cap rate with a median $-1,438 of monthly cash flow. Sold prices moved +0.6% over the past year. Inventory sits at about 5.8 months of supply. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other Missouri markets to compare

See Lee's Summit cash-flowing listings

CashFlowRE ranks every for-sale home in Lee's Summit, MO by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen Lee's Summit deals, or browse the national market data.