600 E Hanson AveMitchellSD57301
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 Mitchell at 600 E Hanson Ave, Mitchell, SD, 57301 priced at $148,000 pairs $1,153/mo rent with $218/mo cash flow after a $724/mo payment. Total monthly income equals $1,153/mo, and annual cash flow comes to $2,617/yr on $49,062 invested. Return on cash invested is 25.24% in year one, and rental yield stands at 9.35% on a $148,000 basis. Equity gained on principal adds $955/yr, and 5% annual appreciation accumulates to $40,890 by year five. Five-year ROI measures 131.69% and total cumulative return in cash reaches $64,610. For financing, Ziffy Mortgage’s DSCR program evaluates $1,153/mo property income against a $724/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1910
7,100 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57301, Mitchell, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,154 (100%) |
| Owner Occupied HU | 4,924 (53.8%) |
| Renter Occupied HU | 3,257 (35.6%) |
| Vacant Housing Units | 973 (10.6%) |
| Median Home Value | $209,750 |
| Average Home Value | $268,574 |
Housing Distribution
Address Breakdown
Residential
8,580
Single Family
7,302
Multi-Family
1,278
Businesses
962
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Janet Fritzemeier • Crane Realty
Mls Name: Mitchell BOR
Mls ID: #25-560