640 Idaho Ave SEHuronSD57350
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 Huron at 640 Idaho Ave SE, Huron, SD, 57350 offers $1,601/mo rent that, after a $1,091/mo payment, leaves $192/mo cash flow. Total monthly income is $1,601/mo, and annual cash flow is $2,307/yr on $73,924 cash. Return on cash invested measures 23.03% in year one, and rental yield stands at 8.62% at a $222,999 entry. Equity gained on principal adds $1,439/yr while 5% annual appreciation compounds into $61,611 by year five. Five-year ROI records 119.79% and total cumulative return in cash reaches $88,553. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,601/mo property income versus a $1,091/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1897
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57350, Huron, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,229 (100%) |
| Owner Occupied HU | 4,081 (56.5%) |
| Renter Occupied HU | 2,285 (31.6%) |
| Vacant Housing Units | 863 (11.9%) |
| Median Home Value | $184,109 |
| Average Home Value | $258,316 |
Housing Distribution
Address Breakdown
Residential
6,694
Single Family
5,843
Multi-Family
851
Businesses
686
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Listed by: Brittney Neuharth • Montgomery Real Estate
Mls Name: Huron BOR
Mls ID: #26-3