Under $500K Investment Properties for Sale in Derby, KS
Listed for sale 2 days ago
$ 349,900
ROI
26.9
Cash Flow/m
696- 3 Bed
- 3 Bath
- 2700 sft
1204 N Armstrong Ct, Derby, KS, 67037
Listed for sale 2 days ago
$ 235,000
ROI
29.2Cash Flow/m
617- 3 Bed
- 4 Bath
- 2006 sft
1714 E Evergreen Ct, Derby, KS, 67037
Listed for sale 3 days ago
$ 304,900
ROI
26.1Cash Flow/m
535- 4 Bed
- 3 Bath
- 1820 sft
1055 E Splitwood Way Ct, Derby, KS, 67037
Listed for sale 3 days ago
$ 235,000
ROI
27.3Cash Flow/m
492- 3 Bed
- 2 Bath
- 1710 sft
1000 E Market St, Derby, KS, 67037
Why Invest in Derby, Kansas?
Derby, KS offers strong investment opportunities in homes under $500K, with stable rental demand from local families and professionals. Average rents around $1,500 provide solid cash flow, complemented by 6-8% cap rates. The area's proximity to Wichita supports job growth in aviation and manufacturing. Annual appreciation of 4-5% adds long-term value for buy-and-hold strategies. Renter-occupied housing at 28% ensures consistent occupancy.
8.5%
Avg. ROI
7.2%
Rental Yield
7.1%
Cap Rate
$450/mo
Avg. Cash Flow
$1450/mo
Avg. Rent
4.8%
1Y Appreciation
Frequently Asked Questions
Derby offers affordable entry points with strong rental yields around 7% and low vacancy rates. Proximity to Wichita jobs ensures tenant stability. Appreciation trends support long-term holds.
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