304 State Highway 25 NDe SmetSD57231
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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 De Smet at 304 State Highway 25 N, De Smet, SD, 57231 uses $46,377 cash to close to unlock $2,348/yr annual cash flow and $196/mo monthly cash flow. Total monthly income runs $1,080/mo, and a $685/mo payment keeps the spread at $196/mo. Purchase price stands at $139,900, and rental yield measures 9.26% with $1,080/mo rent. Return on cash invested shows 24.97% in year one, and 5% annual appreciation builds toward $38,652 over five years. Five-year ROI reaches 130.18% and total cumulative return in cash records $60,375. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,080/mo property income covering a $685/mo payment rather than investor’s personal income.
Single Family
Built in 1966
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57231, De Smet, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 856 (100%) |
| Owner Occupied HU | 565 (66.0%) |
| Renter Occupied HU | 171 (20.0%) |
| Vacant Housing Units | 120 (14.0%) |
| Median Home Value | $225,000 |
| Average Home Value | $278,412 |
Housing Distribution
Address Breakdown
Residential
593
Single Family
559
Multi-Family
34
Businesses
114
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Listed by: Kari A. Westlund • Best Choice Real Estate
Mls Name: East Central South Dakota BOR
Mls ID: #25-561