Is Dell Rapids, SD a good place to invest in rental property?

Dell Rapids, SD has a median modeled monthly cash flow of $-881 and a median cap rate of 3.1%, on a median sold price of $320,000. Prices changed +6.3% year over year.

What is the average cap rate in Dell Rapids, SD?

The median cap rate across recently sold homes in Dell Rapids, SD is 3.1%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Dell Rapids, SD?

The median sold price in Dell Rapids, SD is $320,000 (about $170 per square foot).

Investing in Dell Rapids, SD Real Estate

A data-driven snapshot of the Dell Rapids, SD rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$320,000Median sold price

$170Median $/sqft

3.1%Median cap rate

$-881Modeled cash flow / mo

+6.3%Appreciation YoY

4.3Months of supply

22Active listings

62Sold (last 12 mo)

What the Dell Rapids numbers say

In Dell Rapids, SD, the median home sold for $320,000 (about $170 per square foot), and the typical deal models out to a 3.1% cap rate with a median $-881 of monthly cash flow. Sold prices moved +6.3% over the past year. Inventory sits at about 4.3 months of supply. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other South Dakota markets to compare

See Dell Rapids cash-flowing listings

CashFlowRE ranks every for-sale home in Dell Rapids, SD by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen Dell Rapids deals, or browse the national market data.