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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
$ 149,900
ROI
25.3
Cash Flow/m
233- 3 Bed
- 2 Bath
- - sft
122 State St Lot 30, Spearfish, SD, 57783
Fix & Flip
$ 199,999
ROI
25.3Cash Flow/m
308- 5 Bed
- 2 Bath
- 1418 sft
114 Harandona Rd, Spearfish, SD, 57783
$ 155,000
ROI
25.1Cash Flow/m
228- 3 Bed
- 1 Bath
- 816 sft
620 Harvard St, Spearfish, SD, 57783
$ 113,750
ROI
24.6Cash Flow/m
154- 3 Bed
- 2 Bath
- 1240 sft
126 State St, 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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