515 3rd Ave WMobridgeSD57601
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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
Investment property for sale in Mobridge at 515 3rd Ave W, Mobridge, SD, 57601 uses $58,013 cash to close to unlock $7,448/yr annual cash flow and $621/mo monthly cash flow. Total monthly income runs $1,727/mo, and a $857/mo payment keeps the spread at $621/mo. Purchase price stands at $175,000, and rental yield measures 11.84% with $1,727/mo rent. Return on cash invested shows 32.75% in year one, and 5% annual appreciation builds toward $48,349 over five years. Five-year ROI reaches 171.89% and total cumulative return in cash records $99,715. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,727/mo property income covering a $857/mo payment rather than investor’s personal income.
Single Family
Built in 1940
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57601, Mobridge, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,856 (100%) |
| Owner Occupied HU | 1,036 (55.8%) |
| Renter Occupied HU | 529 (28.5%) |
| Vacant Housing Units | 291 (15.7%) |
| Median Home Value | $166,304 |
| Average Home Value | $202,869 |
Housing Distribution
Address Breakdown
Residential
1,659
Single Family
1,466
Multi-Family
193
Businesses
255
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Listed by: Jackie Heil • Bridge City Real Estate
Mls Name: Central South Dakota BOR
Mls ID: #25-433