417 Wilcox StSpencerSD57374
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 Spencer at 417 Wilcox St, Spencer, SD, 57374 offers $2,315/mo rent that, after a $1,415/mo payment, leaves $488/mo cash flow. Total monthly income is $2,315/mo, and annual cash flow is $5,858/yr on $95,804 cash. Return on cash invested measures 26.02% in year one, and rental yield stands at 9.61% at a $289,000 entry. Equity gained on principal adds $1,865/yr while 5% annual appreciation compounds into $79,845 by year five. Five-year ROI records 135.86% and total cumulative return in cash reaches $130,154. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,315/mo property income versus a $1,415/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2002
0.54 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57374, Spencer, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 172 (100%) |
| Owner Occupied HU | 122 (70.9%) |
| Renter Occupied HU | 25 (14.5%) |
| Vacant Housing Units | 25 (14.5%) |
| Median Home Value | $287,500 |
| Average Home Value | $333,668 |
Housing Distribution
Address Breakdown
Residential
101
Single Family
101
Multi-Family
0
Businesses
10
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Listed by: Cheryl Serrano Garmong Lynde • Mitchell Realty LLC
Mls Name: Mitchell BOR
Mls ID: #25-494