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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 2 days ago
$ 249,900
ROI
21.3
Cash Flow/m
109- 3 Bed
- 2 Bath
- 1798 sft
1414 E 3rd Ave, Mitchell, SD, 57301
Listed for sale 3 days ago
$ 261,500
ROI
23.8Cash Flow/m
294- 3 Bed
- 2 Bath
- 1981 sft
1501 E 5th Ave, Mitchell, SD, 57301
Fix & Flip
Listed for sale 4 days ago
$ 249,000
ROI
21.0Cash Flow/m
90- 2 Bed
- 2 Bath
- 1718 sft
1406 N Langdon St, Mitchell, SD, 57301
Listed for sale 7 days ago
$ 250,000
ROI
22.2Cash Flow/m
169- 4 Bed
- 2 Bath
- 1946 sft
720 E 3rd 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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