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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $200K Investment Properties for Sale in Spearfish, SD
$ 189,000
ROI
25.7
Cash Flow/m
313- 4 Bed
- 3 Bath
- 2052 sft
1332 Spearfish Mountain Ln, Spearfish, SD, 57783
$ 120,000
ROI
24.5Cash Flow/m
159- 4 Bed
- 2 Bath
- 2052 sft
1210 Foothills Dr, Spearfish, SD, 57783
$ 115,000
ROI
24.8Cash Flow/m
160- 3 Bed
- 2 Bath
- 1216 sft
1227 Spearfish Mountain Ln, Spearfish, SD, 57783
$ 125,996
ROI
25.2Cash Flow/m
192- 3 Bed
- 2 Bath
- 1150 sft
1318 Foothills Dr, Spearfish, SD, 57783
Why Invest in Spearfish, South Dakota?
Discover investment opportunities in Spearfish, SD under $200k, where affordable entry points meet steady rental demand. Black Hills College drives consistent tenant flow with growing enrollment. Average rental yields hover around 7-8%, supported by low vacancy rates under 5%. Annual appreciation of 4% reflects regional economic stability. Cap rates of 8-9% make these properties attractive for cash-flow focused investors.
9.5%
Avg. ROI
7.8%
Rental Yield
8.2%
Cap Rate
$450/mo
Avg. Cash Flow
$950/mo
Avg. Rent
4.1%
1Y Appreciation
Frequently Asked Questions
Yes, Spearfish offers select properties under $200k suitable for rentals, particularly near Black Hills State University. These provide solid cash flow with average rents around $950. Focus on single-family homes or duplexes for best ROI.
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