614 W Main StLeadSD57754
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 Lead at 614 W Main St, Lead, SD, 57754 earns $188/mo cash flow from $3,215/mo rent with a $2,344/mo payment. Total monthly income totals $3,215/mo, and annual cash flow totals $2,261/yr on $158,789 capital. ROI tracks 21.33% on current figures, and rental yield reads 8.05% at a $479,000 purchase. Equity gained on principal adds $3,091/yr, and 5% annual appreciation supports $132,339 over five years. Five-year ROI reaches 110.66% and total cumulative return in cash sums $175,719. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,215/mo property income instead of your personal income.
Single Family
Built in 1903
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57754, Lead, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,175 (100%) |
| Owner Occupied HU | 1,255 (39.5%) |
| Renter Occupied HU | 633 (19.9%) |
| Vacant Housing Units | 1,287 (40.5%) |
| Median Home Value | $281,635 |
| Average Home Value | $346,042 |
Housing Distribution
Address Breakdown
Residential
1,848
Single Family
1,729
Multi-Family
119
Businesses
178
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Christle Beuckens • Hegg Realtors, Deadwood
Mls Name: Mount Rushmore Area AOR
Mls Provider:
Mls ID: #80119
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Mount Rushmore Area Association of REALTORS Multiple Listing Service. Real estate listings held by brokerage firms other than Zillow Inc. are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. The broker(s) providing this data believes it to be correct, but advises interested parties to confirm the data before relying on it in a purchase decision. Copyright 2024 Mount Rushmore Area Association of REALTORS®., Inc. Multiple Listing Service. All rights reserved