13 1st StLeadSD57754
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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 Lead at 13 1st St, Lead, SD, 57754 uses $74,256 cash to close to unlock $7,066/yr annual cash flow and $589/mo monthly cash flow. Total monthly income runs $2,004/mo, and a $1,096/mo payment keeps the spread at $589/mo. Purchase price stands at $224,000, and rental yield measures 10.74% with $2,004/mo rent. Return on cash invested shows 29.42% in year one, and 5% annual appreciation builds toward $61,887 over five years. Five-year ROI reaches 154.05% and total cumulative return in cash records $114,391. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,004/mo property income covering a $1,096/mo payment rather than investor’s personal income.
Single Family
Built in 1916
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57754, Lead, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,175 (100%) |
| Owner Occupied HU | 1,255 (39.5%) |
| Renter Occupied HU | 633 (19.9%) |
| Vacant Housing Units | 1,287 (40.5%) |
| Median Home Value | $281,635 |
| Average Home Value | $346,042 |
Housing Distribution
Address Breakdown
Residential
1,848
Single Family
1,729
Multi-Family
119
Businesses
178
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Nearby investment properties with comparable prices
Listed by: Christina Singer • Keller Williams Realty Black Hills SP
Mls Name: Mount Rushmore Area AOR
Mls Provider:
Mls ID: #85523
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