714 5th St SELake PrestonSD57249
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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 Lake Preston at 714 5th St SE, Lake Preston, SD, 57249 generates $1,553/mo in rent and, after a $1,174/mo payment, leaves $37/mo in cash flow. Total monthly income is $1,553/mo, and annual cash flow is $446/yr on $79,527 invested. Return on cash invested sits at 20.47% in year one, and rental yield is 7.77% on a $239,900 entry. Equity gained on principal adds $1,548/yr, while 5% annual appreciation builds toward $66,280 over five years. Five-year ROI reaches 106.07% and total cumulative return in cash sums $84,355. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,553/mo property income rather than buyer’s personal income.
Single Family
Built in 2024
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57249, Lake Preston, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 574 (100%) |
| Owner Occupied HU | 351 (61.1%) |
| Renter Occupied HU | 94 (16.4%) |
| Vacant Housing Units | 129 (22.5%) |
| Median Home Value | $248,026 |
| Average Home Value | $313,276 |
Housing Distribution
Address Breakdown
Residential
405
Single Family
382
Multi-Family
23
Businesses
49
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Listed by: Jesse Roberts • Best Choice Real Estate
Mls Name: East Central South Dakota BOR
Mls ID: #24-162