103 S Madison AveNew UnderwoodSD57761
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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 New Underwood at 103 S Madison Ave, New Underwood, SD, 57761 priced at $299,900 converts $1,822/mo rent into after a $1,468/mo obligation. Total monthly income equals $1,822/mo. Return on cash invested prints 19.02% in year one, and rental yield reads 7.29% against a $299,900 entry. Equity gained on principal adds $1,935/yr, while 5% annual appreciation compiles into $82,857 by year five. Five-year ROI reaches 98.28% and total cumulative return in cash sums $97,708. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,822/mo property income covering a $1,468/mo payment, not borrower’s personal income.
Single Family
Built in 1967
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57761, New Underwood, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 548 (100%) |
| Owner Occupied HU | 376 (68.6%) |
| Renter Occupied HU | 96 (17.5%) |
| Vacant Housing Units | 76 (13.9%) |
| Median Home Value | $308,696 |
| Average Home Value | $381,084 |
Housing Distribution
Address Breakdown
Residential
352
Single Family
329
Multi-Family
23
Businesses
41
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Listed by: NICK DUPONT • DUPONT REAL ESTATE, INC.
Mls Name: Black Hills AOR
Mls ID: #176241