417 Main AveLemmonSD57638
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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 Lemmon at 417 Main Ave, Lemmon, SD, 57638 at $315,000 posts ROI 27.36% with $648/mo cash flow from $2,639/mo rent. Total monthly income equals $2,639/mo, and annual cash flow records $7,777/yr on $104,423 to close. Return on cash invested measures 27.36% and rental yield reads 10.05% at the current $315,000. Equity gained on principal adds $2,033/yr, and 5% annual appreciation supports $87,029 by year five. Five-year ROI prints 142.99% and total cumulative return in cash totals $149,309.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,639/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1988
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57638, Lemmon, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,022 (100%) |
| Owner Occupied HU | 528 (51.7%) |
| Renter Occupied HU | 216 (21.1%) |
| Vacant Housing Units | 278 (27.2%) |
| Median Home Value | $115,882 |
| Average Home Value | $151,979 |
Housing Distribution
Address Breakdown
Residential
895
Single Family
839
Multi-Family
56
Businesses
132
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Listed by: Ken Wilson • Coyote Country Realty
Mls Name: Badlands BOR
Mls Provider:
Mls ID: #25-376
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.