305 N Main StLennoxSD57039
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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 Lennox at 305 N Main St, Lennox, SD, 57039 offers a 9.18% rental yield on a $262,900 purchase with $2,011/mo rent. Total monthly income registers $2,011/mo, and a $1,287/mo payment leaves $349/mo available for distribution. Annual cash flow reaches $4,192/yr on $87,151 to close, and return on cash invested stands at 24.72% in year one. Equity gained on principal adds $1,696/yr while 5% annual appreciation supports $72,634 over five years. Portfolio math shows five-year ROI at 128.84% and total cumulative return in cash at $112,288. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,011/mo property income against a $1,287/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1915
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57039, Lennox, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,611 (100%) |
| Owner Occupied HU | 1,243 (77.2%) |
| Renter Occupied HU | 293 (18.2%) |
| Vacant Housing Units | 75 ( 4.7%) |
| Median Home Value | $341,667 |
| Average Home Value | $366,303 |
Housing Distribution
Address Breakdown
Residential
1,252
Single Family
1,201
Multi-Family
51
Businesses
89
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Listed by: Stephanie Dattolico • Gateway Real Estate Advisors
Mls Name: Northwest Iowa Regional BOR
Mls ID: #830951