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 40+ datapoints.
Rapid City, SD Long-Term Rental Investment Snapshot
Based on 40+ long-term rental datapoints
Median Cap Rate
3.2%
Avg Cash on Cash
-15.8%
Median Cashflow
-$908/mo
Avg Rent Estimate
$1,988/mo
Avg Price
$430,037
Price Range
$245,000 - $875,000
Rent to Price
0.46%
low ratio
Positive Cashflow
2%
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 premium markets where property value growth complements rental income. Investors here build equity through appreciation while rental income covers holding costs.
Based on 40+ analyzed properties, the median monthly cashflow in Rapid City, SD is -$908 with average rents of $1,988/month. Properties range from $245,000 to $875,000, offering entry points across multiple investment budgets.
11784 W Highway 44, Rapid City, SD 57702
Price
$559,000
Rent
$1,587
CachFlow
-$2,258
CoC
-23.08
Rapid City, SD Rental Market Insights
- •Median cashflow is -$908/month — careful deal selection is essential here
- •3.2% median cap rate is typical of appreciation-focused markets
- •At 2% positive cashflow rate, Rapid City, SD requires selective property picks
- •Premium market with properties from $245,000 to $875,000
- •Consider this market if your strategy favors equity growth with rental income covering holding costs