221 Elmira AveNewellSD57760
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeInvestors who value predictability will appreciate 221 Elmira Ave, Newell, SD, 57760 in Newell. At $349,900 it earns $2,481/mo in rent and distributes $270/mo to the owner after the $1,573/mo payment, a consistent 8.51% yield. DSCR 1.58 clears Ziffy Mortgage's income-only underwriting standard. Over five years, 5% annual appreciation adds $96,671 in value; $3,223/yr in principal paydown compounds ownership stake. Total projected return: $150,298.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 8.5% | 6.2% |
| Monthly Cash Flow | $270 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $2,481 |
| Total Monthly Debt Service | $2,072 |
| DSCR Ratio | 1.20x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1918
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57760, Newell, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 601 (100%) |
| Owner Occupied HU | 421 (70.0%) |
| Renter Occupied HU | 91 (15.1%) |
| Vacant Housing Units | 89 (14.8%) |
| Median Home Value | $261,885 |
| Average Home Value | $336,158 |
Housing Distribution
Address Breakdown
Residential
363
Single Family
351
Multi-Family
12
Businesses
43
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
Single Family
Built in 1918
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57760, Newell, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 601 (100%) |
| Owner Occupied HU | 421 (70.0%) |
| Renter Occupied HU | 91 (15.1%) |
| Vacant Housing Units | 89 (14.8%) |
| Median Home Value | $261,885 |
| Average Home Value | $336,158 |
Housing Distribution
Address Breakdown
Residential
363
Single Family
351
Multi-Family
12
Businesses
43
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Gloriann Ruby • Dakota Home and Ranch Real Estate
Mls Name: Mount Rushmore Area AOR
Mls Provider:
Mls ID: #81173
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