Under $200K Investment Properties for Sale in Mitchell, SD
Fix & Flip
$ 104,900
ROI
25.6
Cash Flow/m
172- 3 Bed
- 1 Bath
- 1353 sft
422 E 7th Ave, Mitchell, SD, 57301
$ 180,000
ROI
25.1Cash Flow/m
266- 3 Bed
- 2 Bath
- 1202 sft
822 E 7th Ave, Mitchell, SD, 57301
Rental Income
$ 180,000
ROI
29.2Cash Flow/m
474- 3 Bed
- 2 Bath
- 1289 sft
1120 E 2nd Ave, Mitchell, SD, 57301
$ 179,900
ROI
29.2Cash Flow/m
474- 2 Bed
- 2 Bath
- 1638 sft
508 S Juanita St, 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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