24377 443rd AveSalemSD57058
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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 Salem at 24377 443rd Ave, Salem, SD, 57058 earns from $3,805/mo rent with a $4,601/mo payment. Total monthly income totals $3,805/mo. ROI tracks 11.77% on current figures, and rental yield reads 4.86% at a $940,000 purchase. Equity gained on principal adds $6,066/yr, and 5% annual appreciation supports $259,705 over five years. Five-year ROI reaches 59.36% and total cumulative return in cash sums $183,570. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,805/mo property income instead of your personal income.
Single Family
Built in 2014
24 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
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Listed by: David Larson • Hegg Real Estate
Mls Name: Mitchell BOR
Mls ID: #26-8