40501 Lewis StLoomisSD57301
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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 Loomis at 40501 Lewis St, Loomis, SD, 57301 uses $67,924 cash to close to unlock $6,636/yr annual cash flow and $553/mo monthly cash flow. Total monthly income runs $1,848/mo, and a $1,003/mo payment keeps the spread at $553/mo. Purchase price stands at $204,900, and rental yield measures 10.82% with $1,848/mo rent. Return on cash invested shows 29.68% in year one, and 5% annual appreciation builds toward $56,610 over five years. Five-year ROI reaches 155.5% and total cumulative return in cash records $105,622. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,848/mo property income covering a $1,003/mo payment rather than investor’s personal income.
Single Family
Built in 1928
0.35 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
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Listed by: Cheryl Weeman • Mitchell Realty LLC
Mls Name: Mitchell BOR
Mls ID: #25-239