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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $500K Investment Properties for Sale in Brookings, SD
Listed for sale 3 days ago
$ 289,900
ROI
27.6
Cash Flow/m
630- 3 Bed
- 3 Bath
- 1816 sft
1117 Vine St, Brookings, SD, 57006
Listed for sale 7 days ago
$ 219,900
ROI
20.4Cash Flow/m
41- 3 Bed
- 1 Bath
- 1152 sft
218 8th St, Brookings, SD, 57006
$ 239,900
ROI
24.9Cash Flow/m
345- 3 Bed
- 2 Bath
- 1290 sft
1005 3rd Ave, Brookings, SD, 57006
$ 329,900
ROI
21.4Cash Flow/m
146- 4 Bed
- 2 Bath
- 2050 sft
2400 Dean Ct, 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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