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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 6 days ago
$ 199,900
ROI
25.8
Cash Flow/m
335- 2 Bed
- 1 Bath
- 1119 sft
601 E 5th Ave, Mitchell, SD, 57301
$ 169,000
ROI
29.6Cash Flow/m
461- 3 Bed
- 2 Bath
- 1218 sft
1116 S Main St, Mitchell, SD, 57301
Fix & Flip
$ 149,900
ROI
24.2Cash Flow/m
186- 3 Bed
- 3 Bath
- 2030 sft
908 W Hanson Ave, Mitchell, SD, 57301
Rental Income
$ 130,000
ROI
25.9Cash Flow/m
220- 2 Bed
- 1 Bath
- 616 sft
1031 E 1st 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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