Under $500K Investment Properties for Sale in Wamego, KS
$ 169,900
ROI
24.7
Cash Flow/m
235- 2 Bed
- 1 Bath
- 1072 sft
200 Spruce St, Wamego, KS, 66547
$ 145,000
ROI
20.4Cash Flow/m
25- 4 Bed
- 2 Bath
- 2652 sft
601 Spruce St, Wamego, KS, 66547
$ 495,000
ROI
20.2Cash Flow/m
60- 3 Bed
- 3 Bath
- 2700 sft
13210 Woodland Dr, Wamego, KS, 66547
$ 196,000
ROI
23.6Cash Flow/m
212- 4 Bed
- 2 Bath
- 1880 sft
113 Walnut St, Wamego, KS, 66547
Why Invest in Wamego, Kansas?
Investing in Wamego, KS properties under $500k offers affordable entry into a stable rental market with solid cap rates around 6%. This market benefits from a balanced renter-occupied rate near 40%, giving investors steady demand. Wamego's average rental yield of 7% and moderate appreciation of 2.5% annually highlight its potential. The growing local employment and family-oriented community further support consistent cash flow opportunities.
8.2%
Avg. ROI
7%
Rental Yield
6%
Cap Rate
$450/mo
Avg. Cash Flow
$850/mo
Avg. Rent
2.5%
1Y Appreciation
Frequently Asked Questions
In Wamego, KS, properties under $500k typically include single-family homes and small multifamily units suited for rental investment and owner-occupants alike.
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