Rapid City, SD Long-Term Rental Analysis
Analyze rental property cap rates, cash-on-cash returns, and cashflow for long-term rental investments in Rapid City, SD. Based on 30+ datapoints.
Rapid City, SD Long-Term Rental Investment Snapshot
Based on 30+ long-term rental datapoints
Median Cap Rate
3.2%
Avg Cash on Cash
-14.1%
Median Cashflow
-$849/mo
Avg Rent Estimate
$1,873/mo
Avg Price
$380,353
Price Range
$239,000 - $640,000
Rent to Price
0.49%
low ratio
Positive Cashflow
0%
of analyzed properties
Recent real estate investor listings analysed as long-term rental deals in Rapid City, SD
Rapid City, SD is primarily an appreciation-driven market for long-term rental investors. Cap rates average 3.2%, typical of mid-to-upper tier markets where property value growth complements rental income. Investors here build equity through appreciation while rental income covers holding costs.
Based on 30+ analyzed properties, the median monthly cashflow in Rapid City, SD is -$849 with average rents of $1,873/month. Properties range from $239,000 to $640,000, offering entry points across multiple investment budgets.
Rapid City, SD Rental Market Insights
- •Median cashflow is -$849/month — careful deal selection is essential here
- •3.2% median cap rate is typical of appreciation-focused markets
- •At 0% positive cashflow rate, Rapid City, SD requires selective property picks
- •Mid-to-upper tier market with properties from $239,000 to $640,000
- •Consider this market if your strategy favors equity growth with rental income covering holding costs