Under $300K Investment Properties for Sale in Mitchell, SD
Listed for sale 1 day ago
$ 270,000
ROI
33.0
Cash Flow/m
994- 3 Bed
- 2 Bath
- 1200 sft
Governor's House 3BD - Narrow Lot Plan, Southlake Estates, Mitchell, SD, 57301
Fix & Flip
$ 104,900
ROI
25.6Cash Flow/m
172- 3 Bed
- 1 Bath
- 1353 sft
422 E 7th Ave, Mitchell, SD, 57301
$ 180,000
ROI
25.1Cash Flow/m
266- 3 Bed
- 2 Bath
- 1202 sft
822 E 7th Ave, Mitchell, SD, 57301
$ 290,000
ROI
22.9Cash Flow/m
251- 4 Bed
- 2 Bath
- 1930 sft
616 S Davison St, 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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