215 E Summit 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 215 E Summit St, Lead, SD, 57754 listed at $256,120 pairs $2,556/mo rent with a $1,254/mo payment to leave $937/mo cash flow. Total monthly income runs $2,556/mo, and annual cash flow reaches $11,244/yr on $84,904 cash to close. Return on cash invested measures 33.15% in year one, and rental yield registers 11.98% at a $256,120 basis. Equity gained on principal adds $1,653/yr, and annual property appreciation at 5% supports $70,761 by year five. Five-year ROI tracks 174.08% and total cumulative return in cash totals $147,803. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,556/mo property income relative to a $1,254/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1933
3,484 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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Listed by: N/A • N/A
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