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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

$ 595,000
ROI
20.2
Cash Flow/m
18- 4 Bed
- 3 Bath
- 2804 sft
3826 Ward Ave, Spearfish, SD, 57783

$ 319,900
ROI
22.4
Cash Flow/m
237- 3 Bed
- 2 Bath
- 1367 sft
801 N Cyn, Spearfish, SD, 57783

$ 319,900
ROI
24.9
Cash Flow/m
461- 3 Bed
- 2 Bath
- 1976 sft
801 N Yale St, Spearfish, SD, 57783

Rental Income
$ 299,900
ROI
27.0
Cash Flow/m
604- 3 Bed
- 2 Bath
- 1692 sft
206 Hillcrest St, 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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