Investment Properties for Sale in Spearfish, SD
Listed for sale 1 day ago
$ 130,000
ROI
25.9
Cash Flow/m
223- 3 Bed
- 2 Bath
- - sft
338 Evans Ln Lot 27, Spearfish, SD, 57783
Listed for sale 1 day ago
$ 169,900
ROI
25.6Cash Flow/m
274- 4 Bed
- 2 Bath
- - sft
360 Hillsview Rd Lot 4, Spearfish, SD, 57783
Listed for sale 3 days ago
$ 635,000
ROI
23.6Cash Flow/m
624- 4 Bed
- 3 Bath
- 3188 sft
124 Stone Gate Dr, Spearfish, SD, 57783
Listed for sale 4 days ago
$ 425,000
ROI
22.1Cash Flow/m
272- 5 Bed
- 3 Bath
- 2604 sft
238 S 5th St, 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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