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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 3 days ago
$ 227,500
ROI
32.8
Cash Flow/m
826- 4 Bed
- 2 Bath
- 2276 sft
207 E 7th Ave, Mitchell, SD, 57301
Listed for sale 4 days ago
$ 147,900
ROI
30.4Cash Flow/m
439- 2 Bed
- 1 Bath
- 1400 sft
113 W 6th Ave, Mitchell, SD, 57301
Listed for sale 5 days ago
$ 149,000
ROI
28.3Cash Flow/m
353- 2 Bed
- 1 Bath
- 1137 sft
212 W 2nd Ave, Mitchell, SD, 57301
$ 250,000
ROI
24.0Cash Flow/m
298- 3 Bed
- 2 Bath
- 1425 sft
511 W 4th 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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