505 N River StHot SpringsSD57747
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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
Total monthly income runs $1,520/mo, and a $2,834/mo payment. Purchase price stands at $579,000, and rental yield measures 3.15% with $1,520/mo rent. Return on cash invested shows 6.59% in year one, and 5% annual appreciation builds toward $159,967 over five years. Five-year ROI reaches 31.52% and total cumulative return in cash records $60,043. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,520/mo property income covering a $2,834/mo payment rather than investor’s personal income.
Multi Family
Built in 1910
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57747, Hot Springs, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,659 (100%) |
| Owner Occupied HU | 2,132 (58.3%) |
| Renter Occupied HU | 762 (20.8%) |
| Vacant Housing Units | 765 (20.9%) |
| Median Home Value | $229,791 |
| Average Home Value | $306,197 |
Housing Distribution
Address Breakdown
Residential
2,953
Single Family
2,659
Multi-Family
294
Businesses
334
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Listed by: Cathy Mosset • Heartland Real Estate
Mls Name: Mount Rushmore Area AOR
Mls ID: #81449