624 N Lincoln StCantonSD57013
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
Rental property for sale in Canton at 624 N Lincoln St, Canton, SD, 57013 offers $1,440/mo rent that, after a $1,172/mo payment. Total monthly income is $1,440/mo. Return on cash invested measures 18.8% in year one, and rental yield stands at 7.22% at a $239,500 entry. Equity gained on principal adds $1,545/yr while 5% annual appreciation compounds into $66,169 by year five. Five-year ROI records 97.08% and total cumulative return in cash reaches $77,077. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,440/mo property income versus a $1,172/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1962
7,143 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57013, Canton, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,960 (100%) |
| Owner Occupied HU | 1,431 (73.0%) |
| Renter Occupied HU | 403 (20.6%) |
| Vacant Housing Units | 126 ( 6.4%) |
| Median Home Value | $338,682 |
| Average Home Value | $356,578 |
Housing Distribution
Address Breakdown
Residential
1,830
Single Family
1,718
Multi-Family
112
Businesses
192
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Ron P Weber • Hegg, REALTORS
Mls Name: Realtor Association of the Sioux Empire
Mls ID: #22507188