Under $500K Investment Properties for Sale in Andover, KS
Listed for sale 1 day ago
$ 250,000
ROI
29.5
Cash Flow/m
678- 3 Bed
- 4 Bath
- 2090 sft
623 Marsha Ct, Andover, KS, 67002
Listed for sale 2 days ago
$ 360,000
ROI
25.2Cash Flow/m
547- 4 Bed
- 3 Bath
- 2900 sft
227 W Pine View Dr, Andover, KS, 67002
Listed for sale 4 days ago
$ 359,900
ROI
28.6Cash Flow/m
884- 5 Bed
- 3 Bath
- 3588 sft
1618 W Elm St, Andover, KS, 67002
$ 289,000
ROI
22.5Cash Flow/m
222- 3 Bed
- 3 Bath
- 2060 sft
1601 W Savage Ct, Andover, KS, 67002
Why Invest in Andover, Kansas?
Discover investment opportunities in Andover, KS homes under $500K, offering strong entry points for cash-flowing properties. This Wichita suburb provides stable rental demand with average rents around $1,400 monthly. Cap rates hover at 6-7% while appreciation averages 4% annually. Renter occupancy exceeds 25%, supported by local job growth. Low vacancy and steady income growth make these properties attractive for long-term holds.
8.5%
Avg. ROI
6.2%
Rental Yield
6.5%
Cap Rate
$450/mo
Avg. Cash Flow
$1400/mo
Avg. Rent
4.2%
1Y Appreciation
Frequently Asked Questions
These properties offer solid cap rates of 6-7% and average cash flow of $450 monthly. Proximity to Wichita jobs ensures steady renters. Appreciation at 4% annually adds long-term value.
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