402 E 7th StDell RapidsSD57022
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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 Dell Rapids at 402 E 7th St, Dell Rapids, SD, 57022 priced at $244,900 pairs $1,500/mo rent with after a $1,199/mo payment. Total monthly income equals $1,500/mo. Return on cash invested is 19.2% in year one, and rental yield stands at 7.35% on a $244,900 basis. Equity gained on principal adds $1,580/yr, and 5% annual appreciation accumulates to $67,661 by year five. Five-year ROI measures 99.26% and total cumulative return in cash reaches $80,585. For financing, Ziffy Mortgage’s DSCR program evaluates $1,500/mo property income against a $1,199/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1926
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57022, Dell Rapids, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,273 (100%) |
| Owner Occupied HU | 1,713 (75.4%) |
| Renter Occupied HU | 504 (22.2%) |
| Vacant Housing Units | 56 ( 2.5%) |
| Median Home Value | $381,719 |
| Average Home Value | $464,361 |
Housing Distribution
Address Breakdown
Residential
2,130
Single Family
2,017
Multi-Family
113
Businesses
169
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Listed by: Cody Burggraff • Dell Rapids Realty, LLC
Mls Name: Realtor Association of the Sioux Empire
Mls ID: #22505937