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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 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
$ 260,000
ROI
22.4Cash Flow/m
194- 3 Bed
- 2 Bath
- 1768 sft
1521 E 5th Ave, Mitchell, SD, 57301
$ 239,900
ROI
25.0Cash Flow/m
352- 3 Bed
- 2 Bath
- 1244 sft
604 W 11th 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
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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