Under $200K Investment Properties for Sale in Pierre, SD
Fix & Flip
$ 186,500
ROI
31.3
Cash Flow/m
599- 3 Bed
- 1 Bath
- 1440 sft
1426 E Dakota Ave, Pierre, SD, 57501
Motivated Seller
$ 190,300
ROI
24.6Cash Flow/m
258- 4 Bed
- 2 Bath
- 2286 sft
212 W Elizabeth St, Pierre, SD, 57501
$ 177,000
ROI
31.1Cash Flow/m
557- 3 Bed
- 2 Bath
- 1150 sft
909 E Erskine St, Pierre, SD, 57501
Airbnb Potential
$ 169,900
ROI
24.8Cash Flow/m
237- 2 Bed
- 2 Bath
- 1232 sft
418 W Dakota Ave, Pierre, SD, 57501
Why Invest in Pierre, South Dakota?
Pierre, SD offers strong investment potential in homes under $200k, with affordable entry points for cash-flowing properties. State capital stability supports consistent rental demand from government workers. Average cap rates around 7-8% and rental yields of 8-10% make these deals attractive. Low vacancy and steady appreciation add long-term value for investors.
9.5%
Avg. ROI
9.2%
Rental Yield
7.8%
Cap Rate
$450/mo
Avg. Cash Flow
$950/mo
Avg. Rent
4.2%
1Y Appreciation
Frequently Asked Questions
Yes, multiple single-family homes and lots under $200k are listed in Pierre and nearby Fort Pierre. These properties often feature 2-3 bedrooms suitable for rentals. Check government census data for long-term value trends.
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