303 Main AveLestervilleSD57040
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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 Lesterville at 303 Main Ave, Lesterville, SD, 57040 uses $44,753 cash to close to unlock $2,191/yr annual cash flow and $183/mo monthly cash flow. Total monthly income runs $1,036/mo, and a $661/mo payment keeps the spread at $183/mo. Purchase price stands at $135,000, and rental yield measures 9.21% with $1,036/mo rent. Return on cash invested shows 24.81% in year one, and 5% annual appreciation builds toward $37,298 over five years. Five-year ROI reaches 129.33% and total cumulative return in cash records $57,877. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,036/mo property income covering a $661/mo payment rather than investor’s personal income.
Single Family
Built in 1930
0.45 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57040, Lesterville, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 176 (100%) |
| Owner Occupied HU | 123 (69.9%) |
| Renter Occupied HU | 20 (11.4%) |
| Vacant Housing Units | 33 (18.7%) |
| Median Home Value | $248,611 |
| Average Home Value | $291,138 |
Housing Distribution
Address Breakdown
Residential
116
Single Family
116
Multi-Family
0
Businesses
12
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Listed by: Kevin Douglas • Lewis and Clark Realty Inc.
Mls Name: Meridian AOR
Mls ID: #116942