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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Investment Properties for Sale in Mitchell, SD
Listed for sale 1 day ago
$ 505,000
ROI
22.5
Cash Flow/m
337- 5 Bed
- 3 Bath
- 3531 sft
1812 Snead Ave, Mitchell, SD, 57301
Listed for sale 3 days ago
$ 139,000
ROI
24.6Cash Flow/m
189- 4 Bed
- 1 Bath
- 1739 sft
1123 W 3rd Ave, Mitchell, SD, 57301
$ 260,000
ROI
22.4Cash Flow/m
194- 3 Bed
- 2 Bath
- 1768 sft
1521 E 5th Ave, Mitchell, SD, 57301
$ 375,000
ROI
22.9Cash Flow/m
330- 3 Bed
- 1 Bath
- 1536 sft
25595 414th Ave, Mitchell, SD, 57301
Why Invest in Mitchell, South Dakota?
Investing in Mitchell's multifamily real estate market is promising due to its growing rental yields and consistent cash flow. With a rental yield of approximately 6.5% and an average rent of $1,200, this city offers solid opportunities for investors seeking stable returns. The local economy continues to thrive, backed by major employers and an increasing population looking for affordable housing options.
8%
Avg. ROI
6.5%
Rental Yield
7.2%
Cap Rate
$300/mo
Avg. Cash Flow
$1200/mo
Avg. Rent
4.5%
1Y Appreciation
Frequently Asked Questions
The average rent in Mitchell is around $1,200, which is competitive compared to surrounding areas. This pricing reflects the city's demand for rental properties among both families and students.
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