Investment Properties for Sale in Mitchell, SD
Listed for sale 1 day ago
$ 270,000
ROI
33.0
Cash Flow/m
994- 3 Bed
- 2 Bath
- 1200 sft
Governor's House 3BD - Narrow Lot Plan, Southlake Estates, Mitchell, SD, 57301
Fix & Flip
$ 104,900
ROI
25.6Cash Flow/m
172- 3 Bed
- 1 Bath
- 1353 sft
422 E 7th Ave, Mitchell, SD, 57301
$ 180,000
ROI
25.1Cash Flow/m
266- 3 Bed
- 2 Bath
- 1202 sft
822 E 7th Ave, Mitchell, SD, 57301
$ 290,000
ROI
22.9Cash Flow/m
251- 4 Bed
- 2 Bath
- 1930 sft
616 S Davison St, 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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