1006 Tanner CtTeaSD57064
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Tea at 1006 Tanner Ct, Tea, SD, 57064 offers a 8.54% rental yield on a $254,900 purchase with $1,814/mo rent. Total monthly income registers $1,814/mo, and a $1,248/mo payment leaves $203/mo available for distribution. Annual cash flow reaches $2,433/yr on $84,499 to close, and return on cash invested stands at 22.79% in year one. Equity gained on principal adds $1,645/yr while 5% annual appreciation supports $70,424 over five years. Portfolio math shows five-year ROI at 118.45% and total cumulative return in cash at $100,092. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,814/mo property income against a $1,248/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 2015
5,370 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57064, Tea, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,630 (100%) |
| Owner Occupied HU | 1,755 (66.7%) |
| Renter Occupied HU | 743 (28.3%) |
| Vacant Housing Units | 132 ( 5.0%) |
| Median Home Value | $346,875 |
| Average Home Value | $371,044 |
Housing Distribution
Address Breakdown
Residential
3,020
Single Family
2,966
Multi-Family
54
Businesses
369
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Listed by: Melissa S Merchant • eXp Realty
Mls Name: Realtor Association of the Sioux Empire
Mls ID: #22508408