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 20+ datapoints.
Rapid City, SD Long-Term Rental Investment Snapshot
Based on 20+ long-term rental datapoints
Median Cap Rate
3.4%
Avg Cash on Cash
-14%
Median Cashflow
-$833/mo
Avg Rent Estimate
$1,921/mo
Avg Price
$371,994
Price Range
$239,000 - $585,000
Rent to Price
0.52%
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 3.4%, 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 20+ analyzed properties, the median monthly cashflow in Rapid City, SD is -$833 with average rents of $1,921/month. Properties range from $239,000 to $585,000, offering entry points across multiple investment budgets.
10255 Echo Valley Ct, Rapid City, SD 57702
Price
$1,734,500
Rent
$2,520
CachFlow
-$8,296
CoC
-27.33
606 Saint Charles St, Rapid City, SD 57701
Price
$275,300
Rent
$1,520
CachFlow
-$599
CoC
-12.43
Rapid City, SD Rental Market Insights
- •Median cashflow is -$833/month — careful deal selection is essential here
- •3.4% 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 $585,000
- •Consider this market if your strategy favors equity growth with rental income covering holding costs