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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $300K Investment Properties for Sale in Mitchell, SD
Listed for sale 2 days ago
$ 249,900
ROI
21.3
Cash Flow/m
109- 3 Bed
- 2 Bath
- 1798 sft
1414 E 3rd Ave, Mitchell, SD, 57301
Listed for sale 3 days ago
$ 261,500
ROI
23.8Cash Flow/m
294- 3 Bed
- 2 Bath
- 1981 sft
1501 E 5th Ave, Mitchell, SD, 57301
Fix & Flip
Listed for sale 4 days ago
$ 249,000
ROI
21.0Cash Flow/m
90- 2 Bed
- 2 Bath
- 1718 sft
1406 N Langdon St, Mitchell, SD, 57301
Listed for sale 7 days ago
$ 250,000
ROI
22.2Cash Flow/m
169- 4 Bed
- 2 Bath
- 1946 sft
720 E 3rd Ave, Mitchell, SD, 57301
Why Invest in Mitchell, South Dakota?
Discover investment opportunities in Mitchell, SD properties under $300k, offering strong value in a growing market. Recent data shows median home prices around $266K-$270K, with 22% year-over-year appreciation in some periods. Rental yields remain attractive due to stable demand and low vacancy in this Midwest hub. Cap rates hover competitively, supported by consistent cash flow from renters. Economic stability from local employers enhances long-term holding potential.
8.5%
Avg. ROI
7.2%
Rental Yield
6.8%
Cap Rate
$450/mo
Avg. Cash Flow
$1100/mo
Avg. Rent
5.2%
1Y Appreciation
Frequently Asked Questions
Investors can expect avg ROI around 8-9% with rental yields of 7% from $1,100 monthly rents. Cash flow averages $450/month after expenses. Appreciation supports 5% annual gains based on recent trends.
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