824 S Walnut StFreemanSD57029
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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 Freeman at 824 S Walnut St, Freeman, SD, 57029 generates $0/mo in rent, after a $685/mo payment. Total monthly income is $0/mo. Return on cash invested sits at -2.97% in year one, and rental yield is 0% on a $139,900 entry. Equity gained on principal adds $903/yr, while 5% annual appreciation builds toward $38,652 over five years. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $0/mo property income rather than buyer’s personal income.
Single Family
Built in 1960
0.73 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57029, Freeman, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 941 (100%) |
| Owner Occupied HU | 625 (66.4%) |
| Renter Occupied HU | 190 (20.2%) |
| Vacant Housing Units | 126 (13.4%) |
| Median Home Value | $194,676 |
| Average Home Value | $247,536 |
Housing Distribution
Address Breakdown
Residential
471
Single Family
417
Multi-Family
54
Businesses
112
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No similar rental properties found nearby.
Nearby investment properties with comparable prices
Listed by: Christa F Helma • Priority Real Estate
Mls Name: Realtor Association of the Sioux Empire
Mls ID: #22507351