230 Nebraska St WCarthageSD57323
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 Carthage at 230 Nebraska St W, Carthage, SD, 57323 offers $1,498/mo rent that, after a $1,028/mo payment, leaves $171/mo cash flow. Total monthly income is $1,498/mo, and annual cash flow is $2,049/yr on $69,615 cash. Return on cash invested measures 22.85% in year one, and rental yield stands at 8.56% at a $210,000 entry. Equity gained on principal adds $1,355/yr while 5% annual appreciation compounds into $58,019 by year five. Five-year ROI records 118.81% and total cumulative return in cash reaches $82,708. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,498/mo property income versus a $1,028/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1969
0.80 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57323, Carthage, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 186 (100%) |
| Owner Occupied HU | 92 (49.5%) |
| Renter Occupied HU | 10 ( 5.4%) |
| Vacant Housing Units | 84 (45.2%) |
| Median Home Value | $225,000 |
| Average Home Value | $267,337 |
Housing Distribution
Address Breakdown
Residential
48
Single Family
48
Multi-Family
0
Businesses
12
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Listed by: Laurie Smith • Ace Realty, LLC
Mls Name: Mitchell BOR
Mls ID: #25-434