301 E Beebe AveSalemSD57058
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
Rental property for sale in Salem at 301 E Beebe Ave, Salem, SD, 57058 generates $2,666/mo in rent and, after a $1,233/mo payment, leaves $1,074/mo in cash flow. Total monthly income is $2,666/mo, and annual cash flow is $12,889/yr on $83,493 invested. Return on cash invested sits at 35.35% in year one, and rental yield is 12.7% on a $251,863 entry. Equity gained on principal adds $1,625/yr, while 5% annual appreciation builds toward $69,585 over five years. Five-year ROI reaches 185.84% and total cumulative return in cash sums $155,167. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,666/mo property income rather than buyer’s personal income.
Single Family
Built in 2023
6,790 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A