408 State AveDell RapidsSD57022
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 Dell Rapids at 408 State Ave, Dell Rapids, SD, 57022 offers $1,500/mo rent that, after a $1,703/mo payment. Total monthly income is $1,500/mo. Return on cash invested measures 12.64% in year one, and rental yield stands at 5.17% at a $348,000 entry. Equity gained on principal adds $2,246/yr while 5% annual appreciation compounds into $96,146 by year five. Five-year ROI records 64.05% and total cumulative return in cash reaches $73,894. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,500/mo property income versus a $1,703/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1925
10,692 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Lacie Packard • Keller Williams Realty Sioux Falls
Mls Name: Realtor Association of the Sioux Empire
Mls Provider:
Mls ID: #22501501
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the REALTOR Association of the Sioux Empire, Inc., Multiple Listing Service. Real estate listings held by brokerage firms other than Zillow, Inc. are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Information is deemed reliable but not guaranteed. Copyright 2025 REALTOR Association of the Sioux Empire, Inc., Inc. Multiple Listing Service. All rights reserved.