617 N Wisconsin StMitchellSD57301
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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 617 N Wisconsin St, Mitchell, SD, 57301 with 5% annual appreciation on a $229,000 basis while $2,159/mo rent supports operations. Total monthly income totals $2,159/mo and a $1,121/mo payment preserves $712/mo for cash returns. Annual cash flow comes to $8,540/yr on $75,914 deployed, and return on cash invested reaches 31.16% in year one. Equity gained on principal adds $1,478/yr, and five-year appreciation sums $63,268 alongside rental yield of 11.31%. Five-year ROI measures 163.38% and total cumulative return in cash totals $124,025.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,159/mo property income versus a $1,121/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
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: DEANNA HETLAND • Ace Realty, LLC
Mls Name: Mitchell BOR
Mls ID: #25-385