308 N Main StTrippSD57376
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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 Tripp at 308 N Main St, Tripp, SD, 57376 priced at $144,900 converts $638/mo rent into after a $709/mo obligation. Total monthly income equals $638/mo. Return on cash invested prints 12.98% in year one, and rental yield reads 5.28% against a $144,900 entry. Equity gained on principal adds $935/yr, while 5% annual appreciation compiles into $40,033 by year five. Five-year ROI reaches 65.85% and total cumulative return in cash sums $31,633. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $638/mo property income covering a $709/mo payment, not borrower’s personal income.
Single Family
Built in 1920
0.45 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57376, Tripp, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 512 (100%) |
| Owner Occupied HU | 345 (67.4%) |
| Renter Occupied HU | 70 (13.7%) |
| Vacant Housing Units | 97 (18.9%) |
| Median Home Value | $108,929 |
| Average Home Value | $210,775 |
Housing Distribution
Address Breakdown
Residential
232
Single Family
232
Multi-Family
0
Businesses
27
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Listed by: Cheryl Weeman • Mitchell Realty LLC
Mls Name: Mitchell BOR
Mls ID: #25-283