304 E 4th StSpencerSD57374
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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
Rental property for sale in Spencer at 304 E 4th St, Spencer, SD, 57374 generates $0/mo in rent, after a $1,468/mo payment. Total monthly income is $0/mo. Return on cash invested sits at -2.97% in year one, and rental yield is 0% on a $299,900 entry. Equity gained on principal adds $1,935/yr, while 5% annual appreciation builds toward $82,857 over five years. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $0/mo property income rather than buyer’s personal income.
Single Family
Built in 1998
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57374, Spencer, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 172 (100%) |
| Owner Occupied HU | 122 (70.9%) |
| Renter Occupied HU | 25 (14.5%) |
| Vacant Housing Units | 25 (14.5%) |
| Median Home Value | $287,500 |
| Average Home Value | $333,668 |
Housing Distribution
Address Breakdown
Residential
101
Single Family
101
Multi-Family
0
Businesses
10
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No similar rental properties found nearby.
Nearby investment properties with comparable prices
Listed by: Bonnie J Sabers • Bonafide Real Estate LLC
Mls Name: Realtor Association of the Sioux Empire
Mls ID: #22505544