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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Investment Properties for Sale in Spearfish, SD
Listed for sale 7 days ago
$ 299,000
ROI
22.3
Cash Flow/m
210- - Bed
- - Bath
- 4333 sft
714 N 5th St, Spearfish, SD, 57783
$ 329,900
ROI
22.0Cash Flow/m
204- 2 Bed
- 1 Bath
- 1684 sft
1146 Saint Joe St, Spearfish, SD, 57783
$ 774,900
ROI
21.9Cash Flow/m
399- 5 Bed
- 4 Bath
- 3560 sft
1904 Cowboy Ln, Spearfish, SD, 57783
$ 409,000
ROI
25.6Cash Flow/m
671- 3 Bed
- 3 Bath
- 2320 sft
2414 Windmill Dr, Spearfish, SD, 57783
Why Invest in Spearfish, South Dakota?
Spearfish, SD offers strong potential for real estate investors seeking stable returns in a growing Black Hills community. With average home values around $440,000 and rents near $1,980 monthly, cap rates hover at 6-7%.[1] Annual appreciation of 2-3% combined with 35% renter occupancy supports consistent cash flow.[1][3] Low vacancy and proximity to outdoor recreation enhance long-term value. Economic stability from tourism and education drives demand year-round.
8.5%
Avg. ROI
5.4%
Rental Yield
6.5%
Cap Rate
$1250/mo
Avg. Cash Flow
$1980/mo
Avg. Rent
2.5%
1Y Appreciation
Frequently Asked Questions
Average monthly rent in Spearfish is around $1,980 for typical units. This supports solid rental yields given home values near $440,000. Demand remains steady from students and tourists.
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