656 Chestnut StBig Stone CitySD57216
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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 Big Stone City at 656 Chestnut St, Big Stone City, SD, 57216 priced at $240,000 converts $1,991/mo rent into $474/mo cash flow after a $1,175/mo obligation. Total monthly income equals $1,991/mo, and annual cash flow totals $5,688/yr on $79,560 invested. Return on cash invested prints 27.06% in year one, and rental yield reads 9.96% against a $240,000 entry. Equity gained on principal adds $1,549/yr, while 5% annual appreciation compiles into $66,308 by year five. Five-year ROI reaches 141.35% and total cumulative return in cash sums $112,454. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,991/mo property income covering a $1,175/mo payment, not borrower’s personal income.
Single Family
Built in 1974
8,624 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57216, Big Stone City, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 585 (100%) |
| Owner Occupied HU | 354 (60.5%) |
| Renter Occupied HU | 61 (10.4%) |
| Vacant Housing Units | 170 (29.1%) |
| Median Home Value | $254,167 |
| Average Home Value | $284,675 |
Housing Distribution
Address Breakdown
Residential
429
Single Family
421
Multi-Family
8
Businesses
36
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Listed by: Jonathan Hartman • Shady Oak Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #7010521