18193 Westside AcresClear LakeSD57226
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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 Clear Lake at 18193 Westside Acres, Clear Lake, SD, 57226 offers a 8.56% rental yield on a $364,900 purchase with $2,604/mo rent. Total monthly income registers $2,604/mo, and a $1,786/mo payment leaves $298/mo available for distribution. Annual cash flow reaches $3,576/yr on $120,964 to close, and return on cash invested stands at 22.87% in year one. Equity gained on principal adds $2,355/yr while 5% annual appreciation supports $100,815 over five years. Portfolio math shows five-year ROI at 118.89% and total cumulative return in cash at $143,820. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,604/mo property income against a $1,786/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1984
1.95 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57226, Clear Lake, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 912 (100%) |
| Owner Occupied HU | 601 (65.9%) |
| Renter Occupied HU | 208 (22.8%) |
| Vacant Housing Units | 103 (11.3%) |
| Median Home Value | $186,349 |
| Average Home Value | $229,247 |
Housing Distribution
Address Breakdown
Residential
647
Single Family
594
Multi-Family
53
Businesses
95
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Listed by: JIM PIEPER • JP REAL ESTATE
Mls Name: Northeast South Dakota BOR
Mls ID: #43-264
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.