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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 7 days ago
$ 179,900
ROI
23.9
Cash Flow/m
207- 2 Bed
- 1 Bath
- 864 sft
318 W 12th Ave, Mitchell, SD, 57301
Fix & Flip
$ 165,000
ROI
31.4Cash Flow/m
533- 3 Bed
- 2 Bath
- 1720 sft
1319 E Ash Ave, Mitchell, SD, 57301
$ 182,500
ROI
29.4Cash Flow/m
492- 2 Bed
- 2 Bath
- 1272 sft
920 W Norway Ave, Mitchell, SD, 57301
$ 199,999
ROI
25.5Cash Flow/m
319- 5 Bed
- 2 Bath
- 1722 sft
518 W 5th 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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