512 3rd Ave SClear LakeSD57226
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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 $1,879/mo, and a $2,202/mo payment. Purchase price stands at $449,900, and rental yield measures 5.01% with $1,879/mo rent. Return on cash invested shows 12.15% in year one, and 5% annual appreciation builds toward $124,299 over five years. Five-year ROI reaches 61.41% and total cumulative return in cash records $91,582. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,879/mo property income covering a $2,202/mo payment rather than investor’s personal income.
Single Family
Built in 1968
0.53 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57226, Clear Lake, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 912 (100%) |
| Owner Occupied HU | 601 (65.9%) |
| Renter Occupied HU | 208 (22.8%) |
| Vacant Housing Units | 103 (11.3%) |
| Median Home Value | $186,349 |
| Average Home Value | $229,247 |
Housing Distribution
Address Breakdown
Residential
647
Single Family
594
Multi-Family
53
Businesses
95
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Listed by: TODD L. MORRIS • THE REALTY TEAM
Mls Name: Northeast South Dakota BOR
Mls ID: #24-7139