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%
Avg Cash on Cash
-16.9%
Median Cashflow
-$1,255/mo
Avg Rent Estimate
$2,012/mo
Avg Price
$450,010
Price Range
$219,000 - $759,900
Rent to Price
0.45%
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%, 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 -$1,255 with average rents of $2,012/month. Properties range from $219,000 to $759,900, offering entry points across multiple investment budgets.
23330 S Airport Rd, Rapid City, SD 57703
Price
$695,000
Rent
$1,618
CachFlow
-$3,274
CoC
-26.92
13079 Hillsview Dr, Rapid City, SD 57702
Price
$631,700
Rent
$3,206
CachFlow
-$1,925
CoC
-17.41
Rapid City, SD Rental Market Insights
- •Median cashflow is -$1,255/month — careful deal selection is essential here
- •3% 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 $219,000 to $759,900
- •Consider this market if your strategy favors equity growth with rental income covering holding costs