801 2nd Ave EMobridgeSD57601
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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 Mobridge at 801 2nd Ave E, Mobridge, SD, 57601 priced at $149,000 converts $1,247/mo rent into $306/mo cash flow after a $729/mo obligation. Total monthly income equals $1,247/mo, and annual cash flow totals $3,668/yr on $49,394 invested. Return on cash invested prints 27.34% in year one, and rental yield reads 10.04% against a $149,000 entry. Equity gained on principal adds $961/yr, while 5% annual appreciation compiles into $41,166 by year five. Five-year ROI reaches 142.89% and total cumulative return in cash sums $70,576. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,247/mo property income covering a $729/mo payment, not borrower’s personal income.
Single Family
Built in 1920
5,625 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57601, Mobridge, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,856 (100%) |
| Owner Occupied HU | 1,036 (55.8%) |
| Renter Occupied HU | 529 (28.5%) |
| Vacant Housing Units | 291 (15.7%) |
| Median Home Value | $166,304 |
| Average Home Value | $202,869 |
Housing Distribution
Address Breakdown
Residential
1,659
Single Family
1,466
Multi-Family
193
Businesses
255
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