413 3rd St SEDe SmetSD57231
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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 De Smet at 413 3rd St SE, De Smet, SD, 57231 offers a 7.04% rental yield on a $349,000 purchase with $2,047/mo rent. 27% in year one. Equity gained on principal adds $2,252/yr while 5% annual appreciation supports $96,422 over five years. Portfolio math shows five-year ROI at 94.22% and total cumulative return in cash at $109,008. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,047/mo property income against a $1,708/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1967
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57231, De Smet, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 856 (100%) |
| Owner Occupied HU | 565 (66.0%) |
| Renter Occupied HU | 171 (20.0%) |
| Vacant Housing Units | 120 (14.0%) |
| Median Home Value | $225,000 |
| Average Home Value | $278,412 |
Housing Distribution
Address Breakdown
Residential
593
Single Family
559
Multi-Family
34
Businesses
114
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Listed by: N/A • N/A
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