Save Search
Filters Applied
EditEdit Filters
Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Townhouse Investment Properties for Sale in Mitchell, SD
$ 195,900
ROI
30.0
Cash Flow/m
556- 2 Bed
- 2 Bath
- 1272 sft
920 W Norway Ave APT 205, Mitchell, SD, 57301
$ 325,000
ROI
23.0Cash Flow/m
291- 2 Bed
- 2 Bath
- 1501 sft
2839 Cottonwood Cir, Mitchell, SD, 57301
$ 179,900
ROI
24.5Cash Flow/m
237- 2 Bed
- 2 Bath
- 1272 sft
920 W Norway Ave APT 305, Mitchell, SD, 57301
$ 192,000
ROI
32.5Cash Flow/m
681- 2 Bed
- 2 Bath
- 1272 sft
920 W Norway Ave APT 201, Mitchell, SD, 57301
Why Invest in Mitchell, South Dakota?
Townhouses in Mitchell, SD offer stable investment opportunities in a growing Midwest market. Average rental yields hover around 7-8% with cap rates of 8-9%. Renter occupancy remains high at 35%, supported by local job growth. Annual appreciation averages 3-4%, driven by steady population increases. Cash flow potential is strong for affordable townhome properties.
9.5%
Avg. ROI
7.8%
Rental Yield
8.7%
Cap Rate
$450/mo
Avg. Cash Flow
$950/mo
Avg. Rent
3.5%
1Y Appreciation
Frequently Asked Questions
Average monthly rent for townhouses is around $950. This supports solid cash flow for investors. Rates vary by size and location per Census housing data.
Find Your Perfect Investment Property in Mitchell, South Dakota
Explore investment opportunities by strategy, performance, or property type
