1300 Roland LnMitchellSD57301
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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
Rental property for sale in Mitchell at 1300 Roland Ln, Mitchell, SD, 57301 priced at $369,000 converts $2,600/mo rent into $268/mo cash flow after a $1,806/mo obligation. Total monthly income equals $2,600/mo, and annual cash flow totals $3,218/yr on $122,324 invested. Return on cash invested prints 22.54% in year one, and rental yield reads 8.46% against a $369,000 entry. Equity gained on principal adds $2,381/yr, while 5% annual appreciation compiles into $101,948 by year five. Five-year ROI reaches 117.15% and total cumulative return in cash sums $143,307. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,600/mo property income covering a $1,806/mo payment, not borrower’s personal income.
Single Family
Built in 1991
0.44 Acres 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
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Listed by: Brian Eliason • Janklow Eliason Real Estate
Mls Name: Mitchell BOR
Mls Provider:
Mls ID: #24-423
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.