901 2nd Ave WLemmonSD57638
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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
Investment property for sale in Lemmon at 901 2nd Ave W, Lemmon, SD, 57638 offers a 13.98% rental yield on a $133,400 purchase with $1,554/mo rent. Total monthly income registers $1,554/mo, and a $653/mo payment leaves $711/mo available for distribution. Annual cash flow reaches $8,531/yr on $44,222 to close, and return on cash invested stands at 39.2% in year one. Equity gained on principal adds $861/yr while 5% annual appreciation supports $36,856 over five years. Portfolio math shows five-year ROI at 206.45% and total cumulative return in cash at $91,298. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,554/mo property income against a $653/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1910
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57638, Lemmon, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,022 (100%) |
| Owner Occupied HU | 528 (51.7%) |
| Renter Occupied HU | 216 (21.1%) |
| Vacant Housing Units | 278 (27.2%) |
| Median Home Value | $115,882 |
| Average Home Value | $151,979 |
Housing Distribution
Address Breakdown
Residential
895
Single Family
839
Multi-Family
56
Businesses
132
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Nearby investment properties with comparable prices
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