2218 Spring AveHot SpringsSD57747
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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
Rental property for sale in Hot Springs at 2218 Spring Ave, Hot Springs, SD, 57747 generates $1,040/mo in rent, after a $925/mo payment. Total monthly income is $1,040/mo. Return on cash invested sits at 16.95% in year one, and rental yield is 6.6% on a $189,000 entry. Equity gained on principal adds $1,220/yr, while 5% annual appreciation builds toward $52,217 over five years. Five-year ROI reaches 87.16% and total cumulative return in cash sums $54,610. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,040/mo property income rather than buyer’s personal income.
Single Family
Built in 1950
1.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57747, Hot Springs, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,659 (100%) |
| Owner Occupied HU | 2,132 (58.3%) |
| Renter Occupied HU | 762 (20.8%) |
| Vacant Housing Units | 765 (20.9%) |
| Median Home Value | $229,791 |
| Average Home Value | $306,197 |
Housing Distribution
Address Breakdown
Residential
2,953
Single Family
2,659
Multi-Family
294
Businesses
334
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Listed by: Cathy Mosset • Heartland Real Estate
Mls Name: Mount Rushmore Area AOR
Mls ID: #85652