608 E Ash 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
Rental property for sale in Mitchell at 608 E Ash Ave, Mitchell, SD, 57301 priced at $210,000 converts $1,950/mo rent into $623/mo cash flow after a $1,028/mo obligation. Total monthly income equals $1,950/mo, and annual cash flow totals $7,473/yr on $69,615 invested. Return on cash invested prints 30.64% in year one, and rental yield reads 11.14% against a $210,000 entry. Equity gained on principal adds $1,355/yr, while 5% annual appreciation compiles into $58,019 by year five. Five-year ROI reaches 160.59% and total cumulative return in cash sums $111,796. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,950/mo property income covering a $1,028/mo payment, not borrower’s personal income.
Single Family
Built in 1928
6,969 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: Jennifer Gades • Mitchell Realty LLC
Mls Name: Mitchell BOR
Mls ID: #25-326