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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Investment Properties for Sale in Spearfish, SD
Fix & Flip
Listed for sale 7 days ago
$ 240,000
ROI
28.5
Cash Flow/m
583- 3 Bed
- 1 Bath
- 1944 sft
1004 Saint Joseph St, Spearfish, SD, 57783
$ 644,000
ROI
21.2Cash Flow/m
199- 5 Bed
- 3 Bath
- 3619 sft
4014 Ward Ave, Spearfish, SD, 57783
$ 365,000
ROI
22.2Cash Flow/m
251- 3 Bed
- 2 Bath
- 2730 sft
727 Saint Joe St, Spearfish, SD, 57783
$ 350,000
ROI
20.6Cash Flow/m
80- 3 Bed
- 2 Bath
- 1988 sft
830 Heritage 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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