Rapid City, SD Mid-Term Rental Analysis
Analyze rental property cap rates, cash-on-cash returns, and cashflow for mid-term rental investments in Rapid City, SD. Based on 40+ datapoints.
Rapid City, SD Mid-Term Rental Investment Snapshot
Based on 40+ mid-term rental datapoints
Median Cap Rate
4.6%
Avg Cash on Cash
-7.1%
Median Cashflow
-$488/mo
Avg Rent Estimate
$2,918/mo
Avg Price
$402,850
Price Range
$239,000 - $818,400
Rent to Price
0.72%
low ratio
Positive Cashflow
21%
of analyzed properties
Recent real estate investor listings analysed as mid-term rental deals in Rapid City, SD
Rapid City, SD is a premium mid-term rental market where property values complement furnished rental income. Cap rates average 4.6%, typical of premium markets where MTR investors capture both appreciation and the rent premium furnished 30–180 day stays command over standard leases.
Across 40+ analyzed properties, Rapid City, SD mid-term rental investments show a median monthly cashflow of -$488 with average furnished rent estimates of $2,918/month. These figures reflect real property data, not projections.
2929 Country Club Dr, Rapid City, SD 57702
Price
$1,195,000
Rent
$3,784
CachFlow
-$4,544
CoC
-20.27
7450 Dark Canyon Rd, Rapid City, SD 57702
Price
$1,695,000
Rent
$3,984
CachFlow
-$7,353
CoC
-23.6
Rapid City, SD Mid-Term Rental Market Insights
- •Median cashflow is -$488/month — careful deal selection is essential here
- •4.6% median cap rate is typical of appreciation-focused markets
- •At 21% positive cashflow rate, Rapid City, SD requires selective property picks
- •Premium market with properties from $239,000 to $818,400
- •Consider this market if your strategy favors equity growth with rental income covering holding costs