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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
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
21.2
Cash Flow/m
199- 5 Bed
- 3 Bath
- 3619 sft
4014 Ward Ave, Spearfish, SD, 57783

$ 365,000
ROI
22.2
Cash Flow/m
251- 3 Bed
- 2 Bath
- 2730 sft
727 Saint Joe St, Spearfish, SD, 57783

$ 350,000
ROI
20.6
Cash 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 single-family home investments amid stabilizing market conditions. With median home values around $440,000 and modest appreciation, investors can target reliable rental yields. The area's balanced inventory supports steady cash flow from renters, bolstered by regional growth in the Black Hills. Cap rates remain attractive for long-term holds, with low vacancy risks in this desirable community. Economic stability and limited supply make single-family properties a smart portfolio addition.
7.2%
Avg. ROI
5.8%
Rental Yield
6.1%
Cap Rate
$1850/mo
Avg. Cash Flow
$1950/mo
Avg. Rent
2.5%
1Y Appreciation
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