203 1st St SWLake PrestonSD57249
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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 Preston at 203 1st St SW, Lake Preston, SD, 57249 offers a 9.91% rental yield on a $219,900 purchase with $1,816/mo rent. Total monthly income registers $1,816/mo, and a $1,076/mo payment leaves $427/mo available for distribution. Annual cash flow reaches $5,120/yr on $72,897 to close, and return on cash invested stands at 26.93% in year one. Equity gained on principal adds $1,419/yr while 5% annual appreciation supports $60,754 over five years. Portfolio math shows five-year ROI at 140.69% and total cumulative return in cash at $102,556. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,816/mo property income against a $1,076/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
8,250 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57249, Lake Preston, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 574 (100%) |
| Owner Occupied HU | 351 (61.1%) |
| Renter Occupied HU | 94 (16.4%) |
| Vacant Housing Units | 129 (22.5%) |
| Median Home Value | $248,026 |
| Average Home Value | $313,276 |
Housing Distribution
Address Breakdown
Residential
405
Single Family
382
Multi-Family
23
Businesses
49
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Listed by: Codi Smith • Best Choice Real Estate
Mls Name: East Central South Dakota BOR
Mls ID: #25-840