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

Dell Rapids, SD has a median modeled monthly cash flow of $-806 and a median cap rate of 2.9%, on a median sold price of $310,000. Prices changed +11.3% 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 2.9%, 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 $310,000 (about $178 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.

$310,000Median sold price

$178Median $/sqft

2.9%Median cap rate

$-806Modeled cash flow / mo

+11.3%Appreciation YoY

7.7Months of supply

38Active listings

59Sold (last 12 mo)

What the Dell Rapids numbers say

In Dell Rapids, SD, the median home sold for $310,000 (about $178 per square foot), and the typical deal models out to a 2.9% cap rate with a median $-806 of monthly cash flow. Sold prices moved +11.3% over the past year. Inventory sits at about 7.7 months of supply — a looser, buyer-friendly market. 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.