400 2nd Ave WLemmonSD57638
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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 Lemmon at 400 2nd Ave W, Lemmon, SD, 57638 earns $214/mo cash flow from $2,046/mo rent with a $1,419/mo payment. Total monthly income totals $2,046/mo, and annual cash flow totals $2,567/yr on $96,102 capital. ROI tracks 22.58% on current figures, and rental yield reads 8.47% at a $289,900 purchase. Equity gained on principal adds $1,871/yr, and 5% annual appreciation supports $80,094 over five years. Five-year ROI reaches 117.33% and total cumulative return in cash sums $112,761. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,046/mo property income instead of your personal income.
Single Family
Built in 1910
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57638, Lemmon, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,022 (100%) |
| Owner Occupied HU | 528 (51.7%) |
| Renter Occupied HU | 216 (21.1%) |
| Vacant Housing Units | 278 (27.2%) |
| Median Home Value | $115,882 |
| Average Home Value | $151,979 |
Housing Distribution
Address Breakdown
Residential
895
Single Family
839
Multi-Family
56
Businesses
132
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Listed by: Marketing Manager • CRE Realty
Mls Name: NY State MLS
Mls ID: #11451663