713 N 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
Rental property for sale in Spencer at 713 N Dewey St, Spencer, SD, 57374 priced at $134,900 converts $1,043/mo rent into $191/mo cash flow after a $660/mo obligation. Total monthly income equals $1,043/mo, and annual cash flow totals $2,289/yr on $44,719 invested. Return on cash invested prints 25.03% in year one, and rental yield reads 9.28% against a $134,900 entry. Equity gained on principal adds $870/yr, while 5% annual appreciation compiles into $37,270 by year five. Five-year ROI reaches 130.48% and total cumulative return in cash sums $58,349. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,043/mo property income covering a $660/mo payment, not borrower’s personal income.
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: #25-34
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.