220 E Lincoln AveSalemSD57058
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Rental property for sale in Salem at 220 E Lincoln Ave, Salem, SD, 57058 generates $587/mo in rent, after a $974/mo payment. Total monthly income is $587/mo. Return on cash invested sits at 7.71% in year one, and rental yield is 3.54% on a $199,000 entry. Equity gained on principal adds $1,284/yr, while 5% annual appreciation builds toward $54,980 over five years. Five-year ROI reaches 37.66% and total cumulative return in cash sums $24,846. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $587/mo property income rather than buyer’s personal income.
Single Family
Built in 1905
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57058, Salem, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 915 (100%) |
| Owner Occupied HU | 619 (67.7%) |
| Renter Occupied HU | 190 (20.8%) |
| Vacant Housing Units | 106 (11.6%) |
| Median Home Value | $233,214 |
| Average Home Value | $291,951 |
Housing Distribution
Address Breakdown
Residential
626
Single Family
544
Multi-Family
82
Businesses
102
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Bonnie J Sabers • Bonafide Real Estate LLC
Mls Name: Realtor Association of the Sioux Empire
Mls ID: #22503532