713 Dewey StSpencerSD57374
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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 Spencer at 713 Dewey St, Spencer, SD, 57374 at $149,900 posts ROI 25.71% with $240/mo cash flow from $1,188/mo rent. Total monthly income equals $1,188/mo, and annual cash flow records $2,885/yr on $49,692 to close. Return on cash invested measures 25.71% and rental yield reads 9.51% at the current $149,900. Equity gained on principal adds $967/yr, and 5% annual appreciation supports $41,415 by year five. Five-year ROI prints 134.22% and total cumulative return in cash totals $66,695.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,188/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Manufactured
Built in 1994
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57374, Spencer, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 172 (100%) |
| Owner Occupied HU | 122 (70.9%) |
| Renter Occupied HU | 25 (14.5%) |
| Vacant Housing Units | 25 (14.5%) |
| Median Home Value | $287,500 |
| Average Home Value | $333,668 |
Housing Distribution
Address Breakdown
Residential
101
Single Family
101
Multi-Family
0
Businesses
10
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Listed by: Cindy L Hockett-Sommervold • The Experience Real Estate, Inc
Mls Name: Mitchell BOR
Mls Provider:
Mls ID: #24-336
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.