Is Elk Point, SD a good place to invest in rental property?

Elk Point, SD has a median modeled monthly cash flow of $-1,220 and a median cap rate of 1.6%, on a median sold price of $246,000. Prices changed +1.3% year over year.

What is the average cap rate in Elk Point, SD?

The median cap rate across recently sold homes in Elk Point, SD is 1.6%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Elk Point, SD?

The median sold price in Elk Point, SD is $246,000 (about $160 per square foot).

Investing in Elk Point, SD Real Estate

A data-driven snapshot of the Elk Point, 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.

$246,000Median sold price

$160Median $/sqft

1.6%Median cap rate

$-1,220Modeled cash flow / mo

+1.3%Appreciation YoY

4.9Months of supply

18Active listings

44Sold (last 12 mo)

What the Elk Point numbers say

In Elk Point, SD, the median home sold for $246,000 (about $160 per square foot), and the typical deal models out to a 1.6% cap rate with a median $-1,220 of monthly cash flow. Sold prices moved +1.3% over the past year. Inventory sits at about 4.9 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 Elk Point cash-flowing listings

CashFlowRE ranks every for-sale home in Elk Point, 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 Elk Point deals, or browse the national market data.