Save Search
Filters Applied
EditEdit Filters
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
$ 274,500
ROI
25.0
Cash Flow/m
399- 3 Bed
- 3 Bath
- 1872 sft
615 E 5th Ave, Mitchell, SD, 57301
Listed for sale 6 days ago
$ 199,900
ROI
25.8Cash Flow/m
335- 2 Bed
- 1 Bath
- 1119 sft
601 E 5th Ave, Mitchell, SD, 57301
Listed for sale 7 days ago
$ 365,000
ROI
23.0Cash Flow/m
325- 3 Bed
- 2 Bath
- 1478 sft
2823 Cottonwood Cir, Mitchell, SD, 57301
$ 515,000
ROI
20.7Cash Flow/m
95- 2 Bed
- 3 Bath
- 1773 sft
604 Doris Dr, 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.
Find Your Perfect Investment Property in Mitchell, South Dakota
Explore investment opportunities by strategy, performance, or property type
