302 7th St WMobridgeSD57601
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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 Mobridge at 302 7th St W, Mobridge, SD, 57601 listed at $193,500 pairs $1,492/mo rent with a $947/mo payment to leave $269/mo cash flow. Total monthly income runs $1,492/mo, and annual cash flow reaches $3,231/yr on $64,145 cash to close. Return on cash invested measures 24.95% in year one, and rental yield registers 9.25% at a $193,500 basis. Equity gained on principal adds $1,249/yr, and annual property appreciation at 5% supports $53,460 by year five. Five-year ROI tracks 130.07% and total cumulative return in cash totals $83,431. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,492/mo property income relative to a $947/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1951
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57601, Mobridge, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,856 (100%) |
| Owner Occupied HU | 1,036 (55.8%) |
| Renter Occupied HU | 529 (28.5%) |
| Vacant Housing Units | 291 (15.7%) |
| Median Home Value | $166,304 |
| Average Home Value | $202,869 |
Housing Distribution
Address Breakdown
Residential
1,659
Single Family
1,466
Multi-Family
193
Businesses
255
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Listed by: Karyl Knudson • Bridge City Real Estate
Mls Name: Central South Dakota BOR
Mls ID: #25-385