403 Park StLake NordenSD57248
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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 Norden at 403 Park St, Lake Norden, SD, 57248 with 5% annual appreciation on a $259,900 basis while $1,811/mo rent supports operations. Total monthly income totals $1,811/mo and a $1,272/mo payment preserves $169/mo for cash returns. Annual cash flow comes to $2,024/yr on $86,157 deployed, and return on cash invested reaches 22.26% in year one. Equity gained on principal adds $1,677/yr, and five-year appreciation sums $71,806 alongside rental yield of 8.36%. Five-year ROI measures 115.61% and total cumulative return in cash totals $99,610.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,811/mo property income versus a $1,272/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1952
0.48 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57248, Lake Norden, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 603 (100%) |
| Owner Occupied HU | 328 (54.4%) |
| Renter Occupied HU | 100 (16.6%) |
| Vacant Housing Units | 175 (29.0%) |
| Median Home Value | $244,286 |
| Average Home Value | $289,764 |
Housing Distribution
Address Breakdown
Residential
337
Single Family
319
Multi-Family
18
Businesses
36
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Listed by: JAYSON MAGUIRE • EXIT REALTY CONNECTION
Mls Name: Northeast South Dakota BOR
Mls ID: #32-2290