409 Mine StLeadSD57754
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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 Lead at 409 Mine St, Lead, SD, 57754 offers $1,600/mo rent that, after a $801/mo payment, leaves $566/mo cash flow. Total monthly income is $1,600/mo, and annual cash flow is $6,789/yr on $54,267 cash. Return on cash invested measures 32.42% in year one, and rental yield stands at 11.73% at a $163,700 entry. Equity gained on principal adds $1,056/yr while 5% annual appreciation compounds into $45,227 by year five. Five-year ROI records 170.11% and total cumulative return in cash reaches $92,315. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,600/mo property income versus a $801/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1915
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57754, Lead, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,175 (100%) |
| Owner Occupied HU | 1,255 (39.5%) |
| Renter Occupied HU | 633 (19.9%) |
| Vacant Housing Units | 1,287 (40.5%) |
| Median Home Value | $281,635 |
| Average Home Value | $346,042 |
Housing Distribution
Address Breakdown
Residential
1,848
Single Family
1,729
Multi-Family
119
Businesses
178
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Listed by: N/A • N/A
Mls Name: EXIT Realty broker feed
Mls ID: #86316