120 W 11th AveMitchellSD57301
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 Mitchell at 120 W 11th Ave, Mitchell, SD, 57301 uses $82,544 cash to close to unlock $7,310/yr annual cash flow and $609/mo monthly cash flow. Total monthly income runs $2,183/mo, and a $1,219/mo payment keeps the spread at $609/mo. Purchase price stands at $249,000, and rental yield measures 10.52% with $2,183/mo rent. Return on cash invested shows 28.77% in year one, and 5% annual appreciation builds toward $68,794 over five years. Five-year ROI reaches 150.53% and total cumulative return in cash records $124,256. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,183/mo property income covering a $1,219/mo payment rather than investor’s personal income.
Single Family
Built in 1950
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57301, Mitchell, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,154 (100%) |
| Owner Occupied HU | 4,924 (53.8%) |
| Renter Occupied HU | 3,257 (35.6%) |
| Vacant Housing Units | 973 (10.6%) |
| Median Home Value | $209,750 |
| Average Home Value | $268,574 |
Housing Distribution
Address Breakdown
Residential
8,580
Single Family
7,302
Multi-Family
1,278
Businesses
962
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Cindy L Hockett-Sommervold • The Experience Real Estate, Inc
Mls Name: Mitchell BOR
Mls Provider:
Mls ID: #25-74
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.