38274 286th St TRACT 1Lake AndesSD57356
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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
Investment property for sale in Lake Andes at 38274 286th St TRACT 1, Lake Andes, SD, 57356 listed at $499,900 pairs $0/mo rent with a $2,447/mo payment. Total monthly income runs $0/mo. Return on cash invested measures -2.97% in year one, and rental yield registers 0% at a $499,900 basis. Equity gained on principal adds $3,226/yr, and annual property appreciation at 5% supports $138,113 by year five. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $0/mo property income relative to a $2,447/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2015
5.99 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57356, Lake Andes, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 872 (100%) |
| Owner Occupied HU | 469 (53.8%) |
| Renter Occupied HU | 196 (22.5%) |
| Vacant Housing Units | 207 (23.7%) |
| Median Home Value | $169,947 |
| Average Home Value | $229,664 |
Housing Distribution
Address Breakdown
Residential
307
Single Family
307
Multi-Family
0
Businesses
60
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No similar rental properties found nearby.
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Listed by: Brent Veurink • Farmers National Company
Mls Name: My State MLS
Mls ID: #11570075