602 3rd StLeolaSD57456
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
Investment property for sale in Leola at 602 3rd St, Leola, SD, 57456 listed at $137,000 pairs $1,093/mo rent with a $671/mo payment to leave $227/mo cash flow. Total monthly income runs $1,093/mo, and annual cash flow reaches $2,721/yr on $45,416 cash to close. Return on cash invested measures 25.9% in year one, and rental yield registers 9.57% at a $137,000 basis. Equity gained on principal adds $884/yr, and annual property appreciation at 5% supports $37,851 by year five. Five-year ROI tracks 135.16% and total cumulative return in cash totals $61,384. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,093/mo property income relative to a $671/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1964
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57456, Leola, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 393 (100%) |
| Owner Occupied HU | 266 (67.7%) |
| Renter Occupied HU | 57 (14.5%) |
| Vacant Housing Units | 70 (17.8%) |
| Median Home Value | $97,647 |
| Average Home Value | $169,107 |
Housing Distribution
Address Breakdown
Residential
177
Single Family
177
Multi-Family
0
Businesses
48
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Ronda Geffre • Leola Realty
Mls Name: My State MLS
Mls ID: #11550316