308 1st St NWDe 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
Rental property for sale in De Smet at 308 1st St NW, De Smet, SD, 57231 generates $1,436/mo in rent, after a $4,870/mo payment. Total monthly income is $1,436/mo. Return on cash invested sits at 2.27% in year one, and rental yield is 1.73% on a $995,000 entry. Equity gained on principal adds $6,421/yr, while 5% annual appreciation builds toward $274,900 over five years. Five-year ROI reaches 8.42% and total cumulative return in cash sums $27,570. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,436/mo property income rather than buyer’s personal income.
Single Family
Built in 2007
1.43 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: Tonya Klingaman • EXIT Prime Realty
Mls Name: Central South Dakota BOR
Mls ID: #25-525