29065 State Highway 37TrippSD57376
Nearby investment properties with comparable rents
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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 Tripp at 29065 State Highway 37, Tripp, SD, 57376 offers a 10.03% rental yield on a $155,000 purchase with $1,296/mo rent. Total monthly income registers $1,296/mo, and a $759/mo payment leaves $316/mo available for distribution. Annual cash flow reaches $3,793/yr on $51,383 to close, and return on cash invested stands at 27.29% in year one. Equity gained on principal adds $1,000/yr while 5% annual appreciation supports $42,824 over five years. Portfolio math shows five-year ROI at 142.68% and total cumulative return in cash at $73,312. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,296/mo property income against a $759/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2021
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57376, Tripp, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 512 (100%) |
| Owner Occupied HU | 345 (67.4%) |
| Renter Occupied HU | 70 (13.7%) |
| Vacant Housing Units | 97 (18.9%) |
| Median Home Value | $108,929 |
| Average Home Value | $210,775 |
Housing Distribution
Address Breakdown
Residential
232
Single Family
232
Multi-Family
0
Businesses
27
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Nearby investment properties with comparable prices
Listed by: Cheryl Weeman • Mitchell Realty LLC
Mls Name: Mitchell BOR
Mls Provider:
Mls ID: #24-539
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.