247 N 7th AveLake AndesSD57356
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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 Lake Andes at 247 N 7th Ave, Lake Andes, SD, 57356 generates $1,148/mo in rent and, after a $710/mo payment, leaves $231/mo in cash flow. Total monthly income is $1,148/mo, and annual cash flow is $2,777/yr on $48,068 invested. Return on cash invested sits at 25.69% in year one, and rental yield is 9.5% on a $145,000 entry. Equity gained on principal adds $936/yr, while 5% annual appreciation builds toward $40,061 over five years. Five-year ROI reaches 134.05% and total cumulative return in cash sums $64,436. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,148/mo property income rather than buyer’s personal income.
Single Family
Built in 1907
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57356, Lake Andes, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 872 (100%) |
| Owner Occupied HU | 469 (53.8%) |
| Renter Occupied HU | 196 (22.5%) |
| Vacant Housing Units | 207 (23.7%) |
| Median Home Value | $169,947 |
| Average Home Value | $229,664 |
Housing Distribution
Address Breakdown
Residential
307
Single Family
307
Multi-Family
0
Businesses
60
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Listed by: Carson Koehn • Juffer Real Estate
Mls Name: Mitchell BOR
Mls ID: #25-432