744.103 Prospect AveLeadSD57754
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors who value predictability will appreciate 744.103 Prospect Ave, Lead, SD, 57754 in Lead. At $195,000 it earns $1,675/mo in rent and distributes $443/mo to the owner after the $924/mo payment, a consistent 10.31% yield. DSCR 1.81 clears Ziffy Mortgage's income-only underwriting standard. Over five years, 5% annual appreciation adds $53,875 in value; $1,635/yr in principal paydown compounds ownership stake. Total projected return: $98,943.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.3% | 6.1% |
| Monthly Cash Flow | $443 | $850 |
City averages based on Lead market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $1,675 |
| Total Monthly Debt Service | $1,202 |
| DSCR Ratio | 1.39x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.5% rate / 30-yr fixed, 25% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1991
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57754, Lead, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,175 (100%) |
| Owner Occupied HU | 1,255 (39.5%) |
| Renter Occupied HU | 633 (19.9%) |
| Vacant Housing Units | 1,287 (40.5%) |
| Median Home Value | $281,635 |
| Average Home Value | $346,042 |
Housing Distribution
Address Breakdown
Residential
1,848
Single Family
1,729
Multi-Family
119
Businesses
178
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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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Scott Bauer • Blair Allen Luxury Real Estate LLC
Mls Name: Mount Rushmore Area AOR
Mls ID: #86753
