101 N Summit StTeaSD57064
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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
Rental property for sale in Tea at 101 N Summit St, Tea, SD, 57064 generates $1,814/mo in rent, after a $1,453/mo payment. Total monthly income is $1,814/mo. Return on cash invested sits at 17.51% in year one, and rental yield is 7.33% on a $296,800 entry. Equity gained on principal adds $1,915/yr, while 5% annual appreciation builds toward $82,000 over five years. Five-year ROI reaches 90.77% and total cumulative return in cash sums $89,307. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,814/mo property income rather than buyer’s personal income.
Townhouse
Built in 2024
6,413 sqft lot
$N/A/sqft
$135 monthly 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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Nearby investment properties with comparable prices
Listed by: Amy Evans • House 2 Home LLC
Mls Name: Realtor Association of the Sioux Empire
Mls Provider:
Mls ID: #22401213
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the REALTOR Association of the Sioux Empire, Inc., Multiple Listing Service. Real estate listings held by brokerage firms other than Zillow, Inc. are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Information is deemed reliable but not guaranteed. Copyright 2025 REALTOR Association of the Sioux Empire, Inc., Inc. Multiple Listing Service. All rights reserved.