116805 E Bay DrLake CitySD57247
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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 City at 116805 E Bay Dr, Lake City, SD, 57247 offers a 0% rental yield on a $160,000 purchase with $0/mo rent. 96% in year one. Equity gained on principal adds $1,032/yr while 5% annual appreciation supports $44,205 over five years. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $0/mo property income against a $783/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1991
2,400 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57247, Lake City, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 503 (100%) |
| Owner Occupied HU | 148 (29.4%) |
| Renter Occupied HU | 44 ( 8.7%) |
| Vacant Housing Units | 311 (61.8%) |
| Median Home Value | $209,375 |
| Average Home Value | $245,456 |
Housing Distribution
Address Breakdown
Residential
179
Single Family
179
Multi-Family
0
Businesses
6
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No similar rental properties found nearby.
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Listed by: Tony Valnes • Dakota View Realty & Auctions
Mls Name: NY State MLS
Mls ID: #11334774