302 Main AveLake NordenSD57248
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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 Lake Norden at 302 Main Ave, Lake Norden, SD, 57248 earns $605/mo cash flow from $2,974/mo rent with a $1,835/mo payment. Total monthly income totals $2,974/mo, and annual cash flow totals $7,257/yr on $124,279 capital. ROI tracks 25.75% on current figures, and rental yield reads 9.52% at a $374,900 purchase. Equity gained on principal adds $2,419/yr, and 5% annual appreciation supports $103,578 over five years. Five-year ROI reaches 134.33% and total cumulative return in cash sums $166,939. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,974/mo property income instead of your personal income.
Single Family
Built in 2004
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57248, Lake Norden, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 603 (100%) |
| Owner Occupied HU | 328 (54.4%) |
| Renter Occupied HU | 100 (16.6%) |
| Vacant Housing Units | 175 (29.0%) |
| Median Home Value | $244,286 |
| Average Home Value | $289,764 |
Housing Distribution
Address Breakdown
Residential
337
Single Family
319
Multi-Family
18
Businesses
36
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Listed by: KELAN BLUDORN • BEST CHOICE REAL ESTATE
Mls Name: Northeast South Dakota BOR
Mls ID: #36-237