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South Dakota Cap Rate Calculator

Calculate cap rates using South Dakota market data. Property tax, insurance, vacancy rates, and other defaults are pre-filled with current South Dakota averages. Net Operating Income ÷ Property Price

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Property Details

Operating Expenses(South Dakota defaults)

Total Annual Expenses$12,400

South Dakota Market Context

Avg Cap Rate

6.5%

Median Price

$320K

Property Tax

1%

Vacancy Rate

7.6%

Local Factors

  • -No state income tax benefits investor net returns
  • -Sioux Falls is the primary rental market with healthcare and finance employment
  • -Severe weather drives above-average insurance costs

Sources

World Population Review – Median Home PriceFL Probate Law – Property Tax Rates (ACS Data)The Hartford – Insurance RatesiPropertyManagement – Vacancy Rates

Cap Rate

0.6%

Low
Net Operating Income$2,012
Gross Income$14,412
Total Expenses$12,400
South Dakota Avg Cap Rate6.5%
CAP RATE0.6%
NOI$2,012
Property Tax$3,200
Insurance$3,112
Maintenance$3,840
Management$1,153
Vacancy$1,095

What does this mean?

A cap rate below 4% is typical for premium locations with lower risk but limited cash flow. Common in Class A properties in major metros.

Keep running the numbers

One calculator rarely tells the whole story.

Cap rate tells you the return without financing. Now see what happens when you add a mortgage with South Dakota rates.

Cash on Cash Return

Measure the annual return on your actual cash invested, factoring in financing, expenses, and rental income.

Calculate

NOI

Calculate Net Operating Income — the foundation of commercial real estate valuation.

Calculate

Gross Rent Multiplier

Quickly screen and compare rental properties by how many years of gross income cover the purchase price.

Calculate

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