2306 Urbana DrMitchellSD57301
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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 Mitchell at 2306 Urbana Dr, Mitchell, SD, 57301 earns $365/mo cash flow from $3,430/mo rent with a $2,374/mo payment. Total monthly income totals $3,430/mo, and annual cash flow totals $4,378/yr on $160,778 capital. ROI tracks 22.63% on current figures, and rental yield reads 8.49% at a $485,000 purchase. Equity gained on principal adds $3,130/yr, and 5% annual appreciation supports $133,997 over five years. Five-year ROI reaches 117.61% and total cumulative return in cash sums $189,086. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,430/mo property income instead of your personal income.
Single Family
Built in 2022
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57301, Mitchell, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,154 (100%) |
| Owner Occupied HU | 4,924 (53.8%) |
| Renter Occupied HU | 3,257 (35.6%) |
| Vacant Housing Units | 973 (10.6%) |
| Median Home Value | $209,750 |
| Average Home Value | $268,574 |
Housing Distribution
Address Breakdown
Residential
8,580
Single Family
7,302
Multi-Family
1,278
Businesses
962
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Listed by: Rebecca Kiner • Mitchell Realty LLC
Mls Name: Mitchell BOR
Mls Provider:
Mls ID: #24-212
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.