404 E Hanson AveMitchellSD57301
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 404 E Hanson Ave, Mitchell, SD, 57301 priced at $178,500 converts $1,363/mo rent into $235/mo cash flow after a $874/mo obligation. Total monthly income equals $1,363/mo, and annual cash flow totals $2,816/yr on $59,173 invested. Return on cash invested prints 24.67% in year one, and rental yield reads 9.16% against a $178,500 entry. Equity gained on principal adds $1,152/yr, while 5% annual appreciation compiles into $49,316 by year five. Five-year ROI reaches 128.56% and total cumulative return in cash sums $76,070. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,363/mo property income covering a $874/mo payment, not borrower’s personal income.
Single Family
Built in 1895
0.33 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: CINDY L HOCKETT-Sommervold • The Experience Real Estate, Inc
Mls Name: Mitchell BOR
Mls ID: #25-552