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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
$ 474,900
ROI
21.4
Cash Flow/m
211- 5 Bed
- 3 Bath
- 2100 sft
3409 Roughlock Ln, Spearfish, SD, 57783
Listed for sale 5 days ago
$ 499,900
ROI
20.8Cash Flow/m
138- 3 Bed
- 2 Bath
- 1900 sft
2119 Arrowhead Cir, Spearfish, SD, 57783
$ 325,000
ROI
22.3Cash Flow/m
227- 3 Bed
- 2 Bath
- 1063 sft
3203 7th Ave, Spearfish, SD, 57783
$ 295,000
ROI
27.1Cash Flow/m
605- 4 Bed
- 2 Bath
- 1175 sft
1120 N Canyon 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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