318 E 10th AveMitchellSD57301
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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 Mitchell at 318 E 10th Ave, Mitchell, SD, 57301 generates $1,642/mo in rent and, after a $1,175/mo payment, leaves $125/mo in cash flow. Total monthly income is $1,642/mo, and annual cash flow is $1,500/yr on $79,560 invested. Return on cash invested sits at 21.79% in year one, and rental yield is 8.21% on a $240,000 entry. Equity gained on principal adds $1,549/yr, while 5% annual appreciation builds toward $66,308 over five years. Five-year ROI reaches 113.11% and total cumulative return in cash sums $89,990. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,642/mo property income rather than buyer’s personal income.
Single Family
Built in 1951
7,100 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57301, Mitchell, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,154 (100%) |
| Owner Occupied HU | 4,924 (53.8%) |
| Renter Occupied HU | 3,257 (35.6%) |
| Vacant Housing Units | 973 (10.6%) |
| Median Home Value | $209,750 |
| Average Home Value | $268,574 |
Housing Distribution
Address Breakdown
Residential
8,580
Single Family
7,302
Multi-Family
1,278
Businesses
962
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Listed by: Rebecca Kiner • Mitchell Realty LLC
Mls Name: Mitchell BOR
Mls Provider:
Mls ID: #25-213
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.