2544 Lake Cochrane Dr WGarySD57237
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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 Gary at 2544 Lake Cochrane Dr W, Gary, SD, 57237 listed at $349,999 pairs $982/mo rent with a $1,713/mo payment. Total monthly income runs $982/mo. Return on cash invested measures 7.19% in year one, and rental yield registers 3.37% at a $349,999 basis. Equity gained on principal adds $2,258/yr, and annual property appreciation at 5% supports $96,698 by year five. Five-year ROI tracks 34.84% and total cumulative return in cash totals $40,418. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $982/mo property income relative to a $1,713/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1940
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57237, Gary, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 519 (100%) |
| Owner Occupied HU | 284 (54.7%) |
| Renter Occupied HU | 56 (10.8%) |
| Vacant Housing Units | 179 (34.5%) |
| Median Home Value | $226,923 |
| Average Home Value | $317,667 |
Housing Distribution
Address Breakdown
Residential
320
Single Family
292
Multi-Family
28
Businesses
38
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Listed by: ASHLEY WAGNER • PRIME REALTY, INC.
Mls Name: Northeast South Dakota BOR
Mls ID: #31-400
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.