1016 S Court Merrill StMitchellSD57301
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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
Investment property for sale in Mitchell at 1016 S Court Merrill St, Mitchell, SD, 57301 at $239,500 posts ROI 30.67% with $712/mo cash flow from $2,225/mo rent. Total monthly income equals $2,225/mo, and annual cash flow records $8,541/yr on $79,394 to close. Return on cash invested measures 30.67% and rental yield reads 11.15% at the current $239,500. Equity gained on principal adds $1,545/yr, and 5% annual appreciation supports $66,169 by year five. Five-year ROI prints 160.7% and total cumulative return in cash totals $127,585.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,225/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1940
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57301, Mitchell, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,154 (100%) |
| Owner Occupied HU | 4,924 (53.8%) |
| Renter Occupied HU | 3,257 (35.6%) |
| Vacant Housing Units | 973 (10.6%) |
| Median Home Value | $209,750 |
| Average Home Value | $268,574 |
Housing Distribution
Address Breakdown
Residential
8,580
Single Family
7,302
Multi-Family
1,278
Businesses
962
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Listed by: Cheryl Weeman • Mitchell Realty LLC
Mls Name: Mitchell BOR
Mls Provider:
Mls ID: #24-414
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.