605 Main AveLemmonSD57638
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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
Rental property for sale in Lemmon at 605 Main Ave, Lemmon, SD, 57638 priced at $100,000 converts $792/mo rent into $161/mo cash flow after a $489/mo obligation. Total monthly income equals $792/mo, and annual cash flow totals $1,926/yr on $33,150 invested. Return on cash invested prints 25.72% in year one, and rental yield reads 9.5% against a $100,000 entry. Equity gained on principal adds $645/yr, while 5% annual appreciation compiles into $27,628 by year five. Five-year ROI reaches 134.24% and total cumulative return in cash sums $44,500. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $792/mo property income covering a $489/mo payment, not borrower’s personal income.
Single Family
Built in 1930
10,500 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57638, Lemmon, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,022 (100%) |
| Owner Occupied HU | 528 (51.7%) |
| Renter Occupied HU | 216 (21.1%) |
| Vacant Housing Units | 278 (27.2%) |
| Median Home Value | $115,882 |
| Average Home Value | $151,979 |
Housing Distribution
Address Breakdown
Residential
895
Single Family
839
Multi-Family
56
Businesses
132
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Listed by: Ken Wilson • Coyote Country Realty
Mls Name: Badlands BOR
Mls ID: #25-361