310 Fremont Ave NLake PrestonSD57249
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Lake Preston at 310 Fremont Ave N, Lake Preston, SD, 57249 priced at $170,700 pairs $1,327/mo rent with $249/mo cash flow after a $835/mo payment. Total monthly income equals $1,327/mo, and annual cash flow comes to $2,985/yr on $56,587 invested. Return on cash invested is 25.18% in year one, and rental yield stands at 9.33% on a $170,700 basis. Equity gained on principal adds $1,102/yr, and 5% annual appreciation accumulates to $47,161 by year five. Five-year ROI measures 131.31% and total cumulative return in cash reaches $74,305. For financing, Ziffy Mortgage’s DSCR program evaluates $1,327/mo property income against a $835/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1962
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57249, Lake Preston, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 574 (100%) |
| Owner Occupied HU | 351 (61.1%) |
| Renter Occupied HU | 94 (16.4%) |
| Vacant Housing Units | 129 (22.5%) |
| Median Home Value | $248,026 |
| Average Home Value | $313,276 |
Housing Distribution
Address Breakdown
Residential
405
Single Family
382
Multi-Family
23
Businesses
49
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Listed by: Molly Hopper • Elevate Real Estate
Mls Name: Huron BOR
Mls ID: #25-332