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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 1 day ago
$ 274,500
ROI
25.0
Cash Flow/m
399- 3 Bed
- 3 Bath
- 1872 sft
615 E 5th Ave, Mitchell, SD, 57301
Listed for sale 6 days ago
$ 199,900
ROI
25.8Cash 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
$ 299,000
ROI
25.6Cash Flow/m
486- 3 Bed
- 2 Bath
- 2550 sft
417 S Iowa 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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