732 5th St SELake PrestonSD57249
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
Rental property for sale in Lake Preston at 732 5th St SE, Lake Preston, SD, 57249 priced at $379,900 converts $1,170/mo rent into after a $1,859/mo obligation. Total monthly income equals $1,170/mo. Return on cash invested prints 8.19% in year one, and rental yield reads 3.7% against a $379,900 entry. Equity gained on principal adds $2,451/yr, while 5% annual appreciation compiles into $104,959 by year five. Five-year ROI reaches 40.15% and total cumulative return in cash sums $50,561. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,170/mo property income covering a $1,859/mo payment, not borrower’s personal income.
Single Family
Built in 2025
0.47 Acres 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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Nearby investment properties with comparable prices
Listed by: Codi Smith • Best Choice Real Estate
Mls Name: East Central South Dakota BOR
Mls ID: #25-520