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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $200K Investment Properties for Sale in Mitchell, SD
$ 109,000
ROI
25.7
Cash Flow/m
180- 3 Bed
- 2 Bath
- 1789 sft
508 N Rowley St, Mitchell, SD, 57301
$ 135,000
ROI
30.2Cash Flow/m
394- 2 Bed
- - Bath
- 844 sft
419 S Duff St, Mitchell, SD, 57301
$ 199,000
ROI
22.9Cash Flow/m
173- 3 Bed
- 1 Bath
- 936 sft
808 E 7th Ave, Mitchell, SD, 57301
$ 148,000
ROI
25.0Cash Flow/m
218- 3 Bed
- 1 Bath
- 1069 sft
600 E Hanson Ave, Mitchell, SD, 57301
Why Invest in Mitchell, South Dakota?
Discover affordable investment opportunities in Mitchell, SD under $200k, ideal for entry-level rental properties. The city's stable housing market offers solid rental yields and cash flow potential for investors. With low vacancy rates and steady appreciation, properties here provide reliable returns. Proximity to major employers supports consistent tenant demand. Growing population and economic stability enhance long-term value.
8.5%
Avg. ROI
7.2%
Rental Yield
6.8%
Cap Rate
$450/mo
Avg. Cash Flow
$950/mo
Avg. Rent
4.5%
1Y Appreciation
Frequently Asked Questions
Yes, single-family homes and smaller properties under $200k are available in Mitchell. These offer strong rental yields around 7% due to steady tenant demand. Check local government data for current inventory trends.
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