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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
Listed for sale 4 days ago
$ 147,900
ROI
30.4
Cash Flow/m
439- 2 Bed
- 1 Bath
- 1400 sft
113 W 6th Ave, Mitchell, SD, 57301
Listed for sale 5 days ago
$ 149,000
ROI
28.3Cash Flow/m
353- 2 Bed
- 1 Bath
- 1137 sft
212 W 2nd Ave, Mitchell, SD, 57301
$ 162,500
ROI
32.7Cash Flow/m
585- 3 Bed
- 2 Bath
- 1998 sft
518 S Wisconsin St, Mitchell, SD, 57301
$ 169,000
ROI
24.9Cash Flow/m
243- 3 Bed
- 1 Bath
- 1550 sft
705 E 2nd 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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