Single Family 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?
Discover strong investment potential in Mitchell, SD single-family homes, where steady appreciation and solid rental demand create reliable cash flow. Home values have risen 4.8-5.2% annually, with median prices around $254K-$270K. Renter-occupied rates exceed 30%, supporting consistent yields. Cap rates hover at 6-7% amid balanced supply. Low vacancy and growing incomes make these properties ideal for long-term investors.
8.5%
Avg. ROI
6.8%
Rental Yield
6.5%
Cap Rate
$450/mo
Avg. Cash Flow
$1250/mo
Avg. Rent
5%
1Y Appreciation
Frequently Asked Questions
Average ROI stands at 8.5%, driven by 5% appreciation and 6.8% rental yields. Cash flow averages $450 monthly after expenses. These metrics reflect stable demand and low vacancy.
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