212 May StLeadSD57754
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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 Lead at 212 May St, Lead, SD, 57754 listed at $350,000 pairs $2,966/mo rent with a $1,713/mo payment to leave $754/mo cash flow. Total monthly income runs $2,966/mo, and annual cash flow reaches $9,051/yr on $116,025 cash to close. Return on cash invested measures 27.71% in year one, and rental yield registers 10.17% at a $350,000 basis. Equity gained on principal adds $2,258/yr, and annual property appreciation at 5% supports $96,699 by year five. Five-year ROI tracks 144.87% and total cumulative return in cash totals $168,086. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,966/mo property income relative to a $1,713/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1900
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57754, Lead, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,175 (100%) |
| Owner Occupied HU | 1,255 (39.5%) |
| Renter Occupied HU | 633 (19.9%) |
| Vacant Housing Units | 1,287 (40.5%) |
| Median Home Value | $281,635 |
| Average Home Value | $346,042 |
Housing Distribution
Address Breakdown
Residential
1,848
Single Family
1,729
Multi-Family
119
Businesses
178
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Nearby investment properties with comparable prices
Listed by: Daneen Jacquot-Kulmala • South Dakota Properties
Mls Name: Mount Rushmore Area AOR
Mls Provider:
Mls ID: #85526
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