502 7th StNewellSD57760
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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
Investment property for sale in Newell at 502 7th St, Newell, SD, 57760 offers a 8.62% rental yield on a $295,000 purchase with $2,120/mo rent. Total monthly income registers $2,120/mo, and a $1,444/mo payment leaves $256/mo available for distribution. Annual cash flow reaches $3,068/yr on $97,793 to close, and return on cash invested stands at 23.05% in year one. Equity gained on principal adds $1,904/yr while 5% annual appreciation supports $81,503 over five years. Portfolio math shows five-year ROI at 119.84% and total cumulative return in cash at $117,194. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,120/mo property income against a $1,444/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1958
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57760, Newell, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 601 (100%) |
| Owner Occupied HU | 421 (70.0%) |
| Renter Occupied HU | 91 (15.1%) |
| Vacant Housing Units | 89 (14.8%) |
| Median Home Value | $261,885 |
| Average Home Value | $336,158 |
Housing Distribution
Address Breakdown
Residential
363
Single Family
351
Multi-Family
12
Businesses
43
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Listed by: Christina Singer • Keller Williams Realty Black Hills SP
Mls Name: Mount Rushmore Area AOR
Mls ID: #85705