203 E 2nd StTrippSD57376
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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 Tripp at 203 E 2nd St, Tripp, SD, 57376 uses $62,985 cash to close to unlock $7,719/yr annual cash flow and $643/mo monthly cash flow. Total monthly income runs $1,844/mo, and a $930/mo payment keeps the spread at $643/mo. Purchase price stands at $190,000, and rental yield measures 11.65% with $1,844/mo rent. Return on cash invested shows 32.16% in year one, and 5% annual appreciation builds toward $52,494 over five years. Five-year ROI reaches 168.78% and total cumulative return in cash records $106,308. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,844/mo property income covering a $930/mo payment rather than investor’s personal income.
Single Family
Built in 1900
9,940 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57376, Tripp, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 512 (100%) |
| Owner Occupied HU | 345 (67.4%) |
| Renter Occupied HU | 70 (13.7%) |
| Vacant Housing Units | 97 (18.9%) |
| Median Home Value | $108,929 |
| Average Home Value | $210,775 |
Housing Distribution
Address Breakdown
Residential
232
Single Family
232
Multi-Family
0
Businesses
27
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Listed by: Tonya Klingaman • EXIT Prime Realty
Mls Name: Central South Dakota BOR
Mls ID: #25-505