Is Lees Summit, MO a good place to invest in rental property?

Lees Summit, MO has a median modeled monthly cash flow of $-2,476 and a median cap rate of 1.7%, on a median sold price of $580,994. Prices changed +3.0% year over year.

What is the average cap rate in Lees Summit, MO?

The median cap rate across recently sold homes in Lees Summit, MO is 1.7%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Lees Summit, MO?

The median sold price in Lees Summit, MO is $580,994 (about $238 per square foot).

Investing in Lees Summit, MO Real Estate

A data-driven snapshot of the Lees 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.

$580,994Median sold price

$238Median $/sqft

1.6%Median cap rate

$-2,476Modeled cash flow / mo

+3.0%Appreciation YoY

6.7Months of supply

20Active listings

36Sold (last 12 mo)

What the Lees Summit numbers say

In Lees Summit, MO, the median home sold for $580,994 (about $238 per square foot), and the typical deal models out to a 1.6% cap rate with a median $-2,476 of monthly cash flow. Sold prices moved +3.0% over the past year. Inventory sits at about 6.7 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 Lees Summit cash-flowing listings

CashFlowRE ranks every for-sale home in Lees 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 Lees Summit deals, or browse the national market data.