1205 N Lake DrEurekaSD57437
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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 Eureka at 1205 N Lake Dr, Eureka, SD, 57437 uses $79,527 cash to close to unlock $2,198/yr annual cash flow and $183/mo monthly cash flow. Total monthly income runs $1,699/mo, and a $1,174/mo payment keeps the spread at $183/mo. Purchase price stands at $239,900, and rental yield measures 8.5% with $1,699/mo rent. Return on cash invested shows 22.67% in year one, and 5% annual appreciation builds toward $66,280 over five years. Five-year ROI reaches 117.89% and total cumulative return in cash records $93,751. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,699/mo property income covering a $1,174/mo payment rather than investor’s personal income.
Single Family
Built in 1987
0.48 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57437, Eureka, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 806 (100%) |
| Owner Occupied HU | 451 (56.0%) |
| Renter Occupied HU | 117 (14.5%) |
| Vacant Housing Units | 238 (29.5%) |
| Median Home Value | $81,371 |
| Average Home Value | $136,502 |
Housing Distribution
Address Breakdown
Residential
335
Single Family
310
Multi-Family
25
Businesses
66
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Listed by: Tetiana Althoff • RE/MAX Preferred Choice
Mls Name: Aberdeen MLS
Mls Provider:
Mls ID: #25-170
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.