1605 Neil AveDell RapidsSD57022
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
Rental property for sale in Dell Rapids at 1605 Neil Ave, Dell Rapids, SD, 57022 offers $2,214/mo rent that, after a $1,662/mo payment, leaves $68/mo cash flow. Total monthly income is $2,214/mo, and annual cash flow is $817/yr on $112,577 cash. Return on cash invested measures 20.63% in year one, and rental yield stands at 7.82% at a $339,600 entry. Equity gained on principal adds $2,191/yr while 5% annual appreciation compounds into $93,825 by year five. Five-year ROI records 106.95% and total cumulative return in cash reaches $120,397. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,214/mo property income versus a $1,662/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Apartment
Built in 2024
5,414 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57022, Dell Rapids, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,273 (100%) |
| Owner Occupied HU | 1,713 (75.4%) |
| Renter Occupied HU | 504 (22.2%) |
| Vacant Housing Units | 56 ( 2.5%) |
| Median Home Value | $381,719 |
| Average Home Value | $464,361 |
Housing Distribution
Address Breakdown
Residential
2,130
Single Family
2,017
Multi-Family
113
Businesses
169
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Listed by: N/A • N/A
Mls Name: Zillow Rentals
Mls ID: #N/A