915 University BlvdMitchellSD57301
Nearby investment properties with comparable rents
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
Rental property for sale in Mitchell at 915 University Blvd, Mitchell, SD, 57301 priced at $539,700 converts $3,720/mo rent into $250/mo cash flow after a $2,642/mo obligation. Total monthly income equals $3,720/mo, and annual cash flow totals $3,006/yr on $177,561 invested. Return on cash invested prints 21.75% in year one, and rental yield reads 8.27% against a $539,700 entry. Equity gained on principal adds $3,483/yr, while 5% annual appreciation compiles into $149,109 by year five. Five-year ROI reaches 113.02% and total cumulative return in cash sums $200,680. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,720/mo property income covering a $2,642/mo payment, not borrower’s personal income.
Single Family
Built in 1923
0.95 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57301, Mitchell, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,154 (100%) |
| Owner Occupied HU | 4,924 (53.8%) |
| Renter Occupied HU | 3,257 (35.6%) |
| Vacant Housing Units | 973 (10.6%) |
| Median Home Value | $209,750 |
| Average Home Value | $268,574 |
Housing Distribution
Address Breakdown
Residential
8,580
Single Family
7,302
Multi-Family
1,278
Businesses
962
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: EXIT Realty broker feed
Mls ID: #22406306