1938 Washington AveHot SpringsSD57747
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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 Hot Springs at 1938 Washington Ave, Hot Springs, SD, 57747 uses $77,903 cash to close to unlock $2,210/yr annual cash flow and $184/mo monthly cash flow. Total monthly income runs $1,669/mo, and a $1,150/mo payment keeps the spread at $184/mo. Purchase price stands at $235,000, and rental yield measures 8.52% with $1,669/mo rent. Return on cash invested shows 22.75% in year one, and 5% annual appreciation builds toward $64,926 over five years. Five-year ROI reaches 118.26% and total cumulative return in cash records $92,128. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,669/mo property income covering a $1,150/mo payment rather than investor’s personal income.
Single Family
Built in 1935
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57747, Hot Springs, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,659 (100%) |
| Owner Occupied HU | 2,132 (58.3%) |
| Renter Occupied HU | 762 (20.8%) |
| Vacant Housing Units | 765 (20.9%) |
| Median Home Value | $229,791 |
| Average Home Value | $306,197 |
Housing Distribution
Address Breakdown
Residential
2,953
Single Family
2,659
Multi-Family
294
Businesses
334
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Listed by: Christine Heidebrink • Black Hills Best Realty
Mls Name: Mount Rushmore Area AOR
Mls ID: #86977