1032 Lake Alice DrClear LakeSD57226
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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 Clear Lake at 1032 Lake Alice Dr, Clear Lake, SD, 57226 generates $2,336/mo in rent and, after a $1,346/mo payment, leaves $498/mo in cash flow. Total monthly income is $2,336/mo, and annual cash flow is $5,977/yr on $91,163 invested. Return on cash invested sits at 26.47% in year one, and rental yield is 10.19% on a $275,000 entry. Equity gained on principal adds $1,775/yr, while 5% annual appreciation builds toward $75,977 over five years. Five-year ROI reaches 138.7% and total cumulative return in cash sums $126,443. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,336/mo property income rather than buyer’s personal income.
Single Family
Built in 1965
0.88 Acres lot
$N/A/sqft
$100 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57226, Clear Lake, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 912 (100%) |
| Owner Occupied HU | 601 (65.9%) |
| Renter Occupied HU | 208 (22.8%) |
| Vacant Housing Units | 103 (11.3%) |
| Median Home Value | $186,349 |
| Average Home Value | $229,247 |
Housing Distribution
Address Breakdown
Residential
647
Single Family
594
Multi-Family
53
Businesses
95
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Listed by: JIM PIEPER • JP REAL ESTATE
Mls Name: Northeast South Dakota BOR
Mls ID: #43-268
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.