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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
$ 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?
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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