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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 3 days ago
$ 139,000
ROI
24.6
Cash Flow/m
189- 4 Bed
- 1 Bath
- 1739 sft
1123 W 3rd Ave, Mitchell, SD, 57301
Currently Rented
Fix & Flip
Rental Income
$ 134,000
ROI
24.8Cash Flow/m
187- 3 Bed
- 1 Bath
- 1328 sft
602 W 3rd Ave, Mitchell, SD, 57301
$ 195,000
ROI
20.3Cash Flow/m
29- 2 Bed
- 1 Bath
- 911 sft
1100 W 6th Ave, Mitchell, SD, 57301
$ 184,500
ROI
25.8Cash Flow/m
309- 3 Bed
- 2 Bath
- 1200 sft
504 S Edmunds 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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