711 3rd Ave SClear LakeSD57226
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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 Clear Lake at 711 3rd Ave S, Clear Lake, SD, 57226 priced at $164,900 converts $1,265/mo rent into $223/mo cash flow after a $807/mo obligation. Total monthly income equals $1,265/mo, and annual cash flow totals $2,676/yr on $54,664 invested. Return on cash invested prints 24.8% in year one, and rental yield reads 9.21% against a $164,900 entry. Equity gained on principal adds $1,064/yr, while 5% annual appreciation compiles into $45,559 by year five. Five-year ROI reaches 129.37% and total cumulative return in cash sums $70,720. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,265/mo property income covering a $807/mo payment, not borrower’s personal income.
Single Family
Built in 1954
0.64 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57226, Clear Lake, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 912 (100%) |
| Owner Occupied HU | 601 (65.9%) |
| Renter Occupied HU | 208 (22.8%) |
| Vacant Housing Units | 103 (11.3%) |
| Median Home Value | $186,349 |
| Average Home Value | $229,247 |
Housing Distribution
Address Breakdown
Residential
647
Single Family
594
Multi-Family
53
Businesses
95
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Listed by: John D Knight • PRIME REALTY, INC.
Mls Name: Northeast South Dakota BOR
Mls ID: #31-397
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.