603 E 6th AveMitchellSD57301
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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 Mitchell at 603 E 6th Ave, Mitchell, SD, 57301 listed at $285,900 pairs $2,344/mo rent with a $1,399/mo payment to leave $538/mo cash flow. Total monthly income runs $2,344/mo, and annual cash flow reaches $6,451/yr on $94,776 cash to close. Return on cash invested measures 26.72% in year one, and rental yield registers 9.84% at a $285,900 basis. Equity gained on principal adds $1,845/yr, and annual property appreciation at 5% supports $78,989 by year five. Five-year ROI tracks 139.53% and total cumulative return in cash totals $132,241. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,344/mo property income relative to a $1,399/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1910
6,343 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
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Listed by: Deanna Hetland • Ace Realty, LLC
Mls Name: Mitchell BOR
Mls Provider:
Mls ID: #25-218
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.