506 Pine StSummitSD57266
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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
Rental property for sale in Summit at 506 Pine St, Summit, SD, 57266 offers $0/mo rent that, after a $734/mo payment. Total monthly income is $0/mo. Return on cash invested measures -2.96% in year one, and rental yield stands at 0% at a $150,000 entry. Equity gained on principal adds $968/yr while 5% annual appreciation compounds into $41,442 by year five. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $0/mo property income versus a $734/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1920
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57266, Summit, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 264 (100%) |
| Owner Occupied HU | 168 (63.6%) |
| Renter Occupied HU | 59 (22.3%) |
| Vacant Housing Units | 37 (14.0%) |
| Median Home Value | $131,250 |
| Average Home Value | $254,196 |
Housing Distribution
Address Breakdown
Residential
146
Single Family
146
Multi-Family
0
Businesses
20
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices
Listed by: BRANDON PEERY • 203 Realty
Mls Name: Northeast South Dakota BOR
Mls ID: #35-655