312 Canton AveHot SpringsSD57747
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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 Hot Springs at 312 Canton Ave, Hot Springs, SD, 57747 offers $1,811/mo rent that, after a $1,028/mo payment, leaves $484/mo cash flow. Total monthly income is $1,811/mo, and annual cash flow is $5,805/yr on $69,615 cash. Return on cash invested measures 28.25% in year one, and rental yield stands at 10.35% at a $210,000 entry. Equity gained on principal adds $1,355/yr while 5% annual appreciation compounds into $58,019 by year five. Five-year ROI records 147.73% and total cumulative return in cash reaches $102,844. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,811/mo property income versus a $1,028/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1959
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57747, Hot Springs, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,659 (100%) |
| Owner Occupied HU | 2,132 (58.3%) |
| Renter Occupied HU | 762 (20.8%) |
| Vacant Housing Units | 765 (20.9%) |
| Median Home Value | $229,791 |
| Average Home Value | $306,197 |
Housing Distribution
Address Breakdown
Residential
2,953
Single Family
2,659
Multi-Family
294
Businesses
334
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Listed by: GINNA BRAGG • SOUTH DAKOTA PROPERTIES
Mls Name: Black Hills AOR
Mls ID: #175388