706 Main AveLake NordenSD57248
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
Investment property for sale in Lake Norden at 706 Main Ave, Lake Norden, SD, 57248 offers a 11.32% rental yield on a $274,900 purchase with $2,593/mo rent. Total monthly income registers $2,593/mo, and a $1,346/mo payment leaves $856/mo available for distribution. Annual cash flow reaches $10,275/yr on $91,129 to close, and return on cash invested stands at 31.18% in year one. Equity gained on principal adds $1,774/yr while 5% annual appreciation supports $75,950 over five years. Portfolio math shows five-year ROI at 163.53% and total cumulative return in cash at $149,019. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,593/mo property income against a $1,346/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57248, Lake Norden, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 603 (100%) |
| Owner Occupied HU | 328 (54.4%) |
| Renter Occupied HU | 100 (16.6%) |
| Vacant Housing Units | 175 (29.0%) |
| Median Home Value | $244,286 |
| Average Home Value | $289,764 |
Housing Distribution
Address Breakdown
Residential
337
Single Family
319
Multi-Family
18
Businesses
36
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Colleen A Vukovich • Best Choice Real Estate
Mls Name: East Central South Dakota BOR
Mls ID: #25-400