114 6th StNewellSD57760
Nearby investment properties with comparable rents
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 Newell at 114 6th St, Newell, SD, 57760 offers a 10.27% rental yield on a $210,000 purchase with $1,798/mo rent. Total monthly income registers $1,798/mo, and a $1,028/mo payment leaves $471/mo available for distribution. Annual cash flow reaches $5,649/yr on $69,615 to close, and return on cash invested stands at 28.02% in year one. Equity gained on principal adds $1,355/yr while 5% annual appreciation supports $58,019 over five years. Portfolio math shows five-year ROI at 146.53% and total cumulative return in cash at $102,004. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,798/mo property income against a $1,028/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1957
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57760, Newell, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 601 (100%) |
| Owner Occupied HU | 421 (70.0%) |
| Renter Occupied HU | 91 (15.1%) |
| Vacant Housing Units | 89 (14.8%) |
| Median Home Value | $261,885 |
| Average Home Value | $336,158 |
Housing Distribution
Address Breakdown
Residential
363
Single Family
351
Multi-Family
12
Businesses
43
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Nearby investment properties with comparable prices
Listed by: Jeffery Christians • Real Broker Spearfish
Mls Name: Mount Rushmore Area AOR
Mls Provider:
Mls ID: #85005
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