301 1st Ave ELemmonSD57638
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Total monthly income runs $1,787/mo, and a $1,591/mo payment. Purchase price stands at $325,000, and rental yield measures 6.6% with $1,787/mo rent. Return on cash invested shows 16.93% in year one, and 5% annual appreciation builds toward $89,792 over five years. Five-year ROI reaches 87.06% and total cumulative return in cash records $93,793. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,787/mo property income covering a $1,591/mo payment rather than investor’s personal income.
Single Family
Built in 1962
10,500 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57638, Lemmon, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,022 (100%) |
| Owner Occupied HU | 528 (51.7%) |
| Renter Occupied HU | 216 (21.1%) |
| Vacant Housing Units | 278 (27.2%) |
| Median Home Value | $115,882 |
| Average Home Value | $151,979 |
Housing Distribution
Address Breakdown
Residential
895
Single Family
839
Multi-Family
56
Businesses
132
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Ken Wilson • Coyote Country Realty
Mls Name: Badlands BOR
Mls ID: #25-242