603 2nd St SWDe SmetSD57231
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
Total monthly income runs $1,669/mo, and a $1,366/mo payment. Purchase price stands at $279,000, and rental yield measures 7.18% with $1,669/mo rent. Return on cash invested shows 18.68% in year one, and 5% annual appreciation builds toward $77,083 over five years. Five-year ROI reaches 96.45% and total cumulative return in cash records $89,203. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,669/mo property income covering a $1,366/mo payment rather than investor’s personal income.
Single Family
Built in 1957
8,250 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57231, De Smet, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 856 (100%) |
| Owner Occupied HU | 565 (66.0%) |
| Renter Occupied HU | 171 (20.0%) |
| Vacant Housing Units | 120 (14.0%) |
| Median Home Value | $225,000 |
| Average Home Value | $278,412 |
Housing Distribution
Address Breakdown
Residential
593
Single Family
559
Multi-Family
34
Businesses
114
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Laurie Smith • Ace Realty, LLC
Mls Name: Huron BOR
Mls Provider:
Mls ID: #25-166
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.