707 2nd StNislandSD57762
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 Nisland at 707 2nd St, Nisland, SD, 57762 offers a 8.34% rental yield on a $299,000 purchase with $2,077/mo rent. Total monthly income registers $2,077/mo, and a $1,463/mo payment leaves $188/mo available for distribution. Annual cash flow reaches $2,255/yr on $99,119 to close, and return on cash invested stands at 22.18% in year one. Equity gained on principal adds $1,929/yr while 5% annual appreciation supports $82,608 over five years. Portfolio math shows five-year ROI at 115.21% and total cumulative return in cash at $114,190. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,077/mo property income against a $1,463/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1971
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57762, Nisland, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 174 (100%) |
| Owner Occupied HU | 121 (69.5%) |
| Renter Occupied HU | 33 (19.0%) |
| Vacant Housing Units | 20 (11.5%) |
| Median Home Value | $475,000 |
| Average Home Value | $698,368 |
Housing Distribution
Address Breakdown
Residential
141
Single Family
141
Multi-Family
0
Businesses
9
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Listed by: Ashley Kurtenbach • Whitetail Properties Real Estate
Mls Name: Mount Rushmore Area AOR
Mls ID: #86431