Under $500K Investment Properties for Sale in Brookings, SD
Listed for sale 1 day ago
$ 299,900
ROI
23.5
Cash Flow/m
316- 4 Bed
- 2 Bath
- 2112 sft
2006 David Cv, Brookings, SD, 57006
Listed for sale 7 days ago
$ 249,900
ROI
23.5Cash Flow/m
257- 3 Bed
- 3 Bath
- 1678 sft
1309 2nd St, Brookings, SD, 57006
$ 279,900
ROI
22.1Cash Flow/m
186- 5 Bed
- 2 Bath
- 2372 sft
416 Ohio Dr, Brookings, SD, 57006
$ 329,900
ROI
21.1Cash Flow/m
122- 3 Bed
- 3 Bath
- 2628 sft
343 21st Ave S, Brookings, SD, 57006
Why Invest in Brookings, South Dakota?
Brookings, SD offers strong investment opportunities in properties under $500K, driven by South Dakota State University and a stable local economy. Average rents support solid cash flow while home prices remain accessible for entry-level investors. The city's renter-occupied housing exceeds 40%, bolstered by student demand and job growth in agribusiness and tech. Annual appreciation around 4-5% reflects steady demand in this growing college town. Cap rates of 6-8% make under-$500K single-family homes particularly attractive for passive income.
8.5%
Avg. ROI
7.2%
Rental Yield
7.1%
Cap Rate
$450/mo
Avg. Cash Flow
$1250/mo
Avg. Rent
4.8%
1Y Appreciation
Find Your Perfect Investment Property in Brookings, South Dakota
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