162 NW Lake DrLake NordenSD57248
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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 Lake Norden at 162 NW Lake Dr, Lake Norden, SD, 57248 at $649,900 posts ROI 11.89% with from $2,651/mo rent. Total monthly income equals $2,651/mo. Return on cash invested measures 11.89% and rental yield reads 4.89% at the current $649,900. Equity gained on principal adds $4,194/yr, and 5% annual appreciation supports $179,555 by year five. Five-year ROI prints 59.96% and total cumulative return in cash totals $128,214. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,651/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1983
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57248, Lake Norden, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 603 (100%) |
| Owner Occupied HU | 328 (54.4%) |
| Renter Occupied HU | 100 (16.6%) |
| Vacant Housing Units | 175 (29.0%) |
| Median Home Value | $244,286 |
| Average Home Value | $289,764 |
Housing Distribution
Address Breakdown
Residential
337
Single Family
319
Multi-Family
18
Businesses
36
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Nearby investment properties with comparable prices
Listed by: MARK R FIECHTNER • DYNAMIC REALTY
Mls Name: Northeast South Dakota BOR
Mls ID: #27-364