502 Koulu PlLake NordenSD57248
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 Lake Norden at 502 Koulu Pl, Lake Norden, SD, 57248 offers $2,407/mo rent that, after a $1,314/mo payment, leaves $711/mo cash flow. Total monthly income is $2,407/mo, and annual cash flow is $8,526/yr on $88,975 cash. Return on cash invested measures 29.49% in year one, and rental yield stands at 10.76% at a $268,400 entry. Equity gained on principal adds $1,732/yr while 5% annual appreciation compounds into $74,154 by year five. Five-year ROI records 154.42% and total cumulative return in cash reaches $137,391. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,407/mo property income versus a $1,314/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2013
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57248, Lake Norden, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 603 (100%) |
| Owner Occupied HU | 328 (54.4%) |
| Renter Occupied HU | 100 (16.6%) |
| Vacant Housing Units | 175 (29.0%) |
| Median Home Value | $244,286 |
| Average Home Value | $289,764 |
Housing Distribution
Address Breakdown
Residential
337
Single Family
319
Multi-Family
18
Businesses
36
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