704 5th St SELake PrestonSD57249
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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 Lake Preston at 704 5th St SE, Lake Preston, SD, 57249 listed at $385,000 pairs $2,522/mo rent with a $1,884/mo payment to leave $89/mo cash flow. Total monthly income runs $2,522/mo, and annual cash flow reaches $1,073/yr on $127,628 cash to close. Return on cash invested measures 20.75% in year one, and rental yield registers 7.86% at a $385,000 basis. Equity gained on principal adds $2,484/yr, and annual property appreciation at 5% supports $106,368 by year five. Five-year ROI tracks 107.53% and total cumulative return in cash totals $137,242. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,522/mo property income relative to a $1,884/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57249, Lake Preston, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 574 (100%) |
| Owner Occupied HU | 351 (61.1%) |
| Renter Occupied HU | 94 (16.4%) |
| Vacant Housing Units | 129 (22.5%) |
| Median Home Value | $248,026 |
| Average Home Value | $313,276 |
Housing Distribution
Address Breakdown
Residential
405
Single Family
382
Multi-Family
23
Businesses
49
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Listed by: N/A • N/A
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