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 50+ datapoints.
Rapid City, SD Long-Term Rental Investment Snapshot
Based on 50+ long-term rental datapoints
Median Cap Rate
3.3%
Avg Cash on Cash
-14.6%
Median Cashflow
-$853/mo
Avg Rent Estimate
$1,975/mo
Avg Price
$422,275
Price Range
$239,000 - $875,000
Rent to Price
0.47%
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 3.3%, 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 50+ analyzed properties, the median monthly cashflow in Rapid City, SD is -$853 with average rents of $1,975/month. Properties range from $239,000 to $875,000, offering entry points across multiple investment budgets.
2929 Country Club Dr, Rapid City, SD 57702
Price
$1,195,000
Rent
$2,523
CachFlow
-$5,174
CoC
-24.74
7450 Dark Canyon Rd, Rapid City, SD 57702
Price
$1,695,000
Rent
$2,656
CachFlow
-$8,018
CoC
-27.03
Rapid City, SD Rental Market Insights
- •Median cashflow is -$853/month — careful deal selection is essential here
- •3.3% 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 $239,000 to $875,000
- •Consider this market if your strategy favors equity growth with rental income covering holding costs