740 Eventide AveLake NordenSD57248
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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 Lake Norden at 740 Eventide Ave, Lake Norden, SD, 57248 earns $249/mo cash flow from $2,271/mo rent with a $1,566/mo payment. Total monthly income totals $2,271/mo, and annual cash flow totals $2,990/yr on $106,047 capital. ROI tracks 22.73% on current figures, and rental yield reads 8.52% at a $319,900 purchase. Equity gained on principal adds $2,064/yr, and 5% annual appreciation supports $88,382 over five years. Five-year ROI reaches 118.17% and total cumulative return in cash sums $125,312. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,271/mo property income instead of your personal income.
Single Family
Built in 2023
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57248, Lake Norden, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 603 (100%) |
| Owner Occupied HU | 328 (54.4%) |
| Renter Occupied HU | 100 (16.6%) |
| Vacant Housing Units | 175 (29.0%) |
| Median Home Value | $244,286 |
| Average Home Value | $289,764 |
Housing Distribution
Address Breakdown
Residential
337
Single Family
319
Multi-Family
18
Businesses
36
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Listed by: Kelan Bludorn • Best Choice Real Estate
Mls Name: East Central South Dakota BOR
Mls ID: #25-670