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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Single Family Investment Properties for Sale in Mitchell, SD
Listed for sale 1 day ago
$ 139,000
ROI
24.7
Cash Flow/m
191- 4 Bed
- 1 Bath
- 1739 sft
1123 W 3rd Ave, Mitchell, SD, 57301
Listed for sale 3 days ago
$ 505,000
ROI
22.0Cash Flow/m
266- 5 Bed
- 3 Bath
- 3531 sft
1812 Snead Ave, Mitchell, SD, 57301
$ 399,950
ROI
20.2Cash Flow/m
49- 3 Bed
- 3 Bath
- 2762 sft
800 Firesteel Dr, Mitchell, SD, 57301
$ 293,000
ROI
26.6Cash Flow/m
556- 4 Bed
- 3 Bath
- 2880 sft
1120 E 3rd Ave, 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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