1105 1st Ave NLake NordenSD57248
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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
Investment property for sale in Lake Norden at 1105 1st Ave N, Lake Norden, SD, 57248 offers a 17.57% rental yield on a $242,600 purchase with $3,553/mo rent. Total monthly income registers $3,553/mo, and a $1,187/mo payment leaves $2,020/mo available for distribution. Annual cash flow reaches $24,243/yr on $80,422 to close, and return on cash invested stands at 50.05% in year one. Equity gained on principal adds $1,565/yr while 5% annual appreciation supports $67,026 over five years. Portfolio math shows five-year ROI at 264.69% and total cumulative return in cash at $212,871. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,553/mo property income against a $1,187/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2013
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57248, Lake Norden, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 603 (100%) |
| Owner Occupied HU | 328 (54.4%) |
| Renter Occupied HU | 100 (16.6%) |
| Vacant Housing Units | 175 (29.0%) |
| Median Home Value | $244,286 |
| Average Home Value | $289,764 |
Housing Distribution
Address Breakdown
Residential
337
Single Family
319
Multi-Family
18
Businesses
36
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