Under $200K Investment Properties for Sale in Hot Springs, SD

Hot Springs, SD offers compelling real estate opportunities under $200k, with properties available in this scenic Black Hills community. Investors benefit from affordable entry points and steady rental demand from retirees and tourists. **Rental yields** average 7-9% with **cap rates** around 8%, supported by low vacancy rates. Annual **appreciation** of 4-5% reflects growing interest in the area's natural hot springs and outdoor recreation. **Cash flow** potential remains strong due to moderate operating costs and stable tenant base.