1504 Torrey Pines 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 1504 Torrey Pines Ave, Mitchell, SD, 57301 offers a 6.49% rental yield on a $529,000 purchase with $2,861/mo rent. 74% in year one. Equity gained on principal adds $3,414/yr while 5% annual appreciation supports $146,153 over five years. Portfolio math shows five-year ROI at 86% and total cumulative return in cash at $149,669. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,861/mo property income against a $2,589/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2022
0.30 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
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 ID: #25-440