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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 2 days ago
$ 349,000
ROI
21.2
Cash Flow/m
143- 3 Bed
- 2 Bath
- 1768 sft
1028 S 35th St, Spearfish, SD, 57783
$ 149,900
ROI
25.3Cash Flow/m
233- 3 Bed
- 2 Bath
- - sft
122 State St Lot 30, Spearfish, SD, 57783
$ 595,000
ROI
20.2Cash Flow/m
18- 4 Bed
- 3 Bath
- 2804 sft
3826 Ward Ave, Spearfish, SD, 57783
$ 299,900
ROI
19.9Cash Flow/m
9- 2 Bed
- 2 Bath
- 1063 sft
1205 Silverbrook Ln, 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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