1020 Fanning StTeaSD57064
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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 1020 Fanning St, Tea, SD, 57064 generates $1,814/mo in rent, after a $1,927/mo payment. Total monthly income is $1,814/mo. Return on cash invested sits at 13.71% in year one, and rental yield is 5.53% on a $393,800 entry. Equity gained on principal adds $2,541/yr, while 5% annual appreciation builds toward $108,800 over five years. Five-year ROI reaches 69.77% and total cumulative return in cash sums $91,081. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,814/mo property income rather than buyer’s personal income.
Single Family
Built in 2025
7,474 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: Amanda J Treloar • House 2 Home LLC
Mls Name: Realtor Association of the Sioux Empire
Mls ID: #22509035