127 Hansen Ct · Milbank, SD 57252

$99,900

3 bd · 2.0 ba · 980 sqft · SingleFamily · 114 Days on market

Built 2026 Excellent condition ↓ 9% since listing

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Why this score? — see what drove the C- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +17.4/30.0
• ARV discount +7.5/15.0
• DSCR +5.4/10.0
• Condition / age +4.8/5.0
• 1% rule +4.7/10.0
• Schools +4.6/10.0
• Livability +3.9/5.0
• Rent growth +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

BRAND NEW !!!!! Hooked up and move in ready. . This brand new 2026 14 x 70 Champ/Decatur trailer is fresh out of the factory!! It features 3 bedrooms 2 full bathrooms and is located in a trailer park called Hansen Loop between Milbank and Big Stone City SD On HWY 12. Hansen Loop is a peaceful and well taken care of trailer park that gives you the feel of being in the country but yet close to town. The lot rent is 350.00 a month which includes water, sewer and garbage. To Help you get started the park will include 6 months lot rent for free. Buyers are responsible for mowing and snow removal around there property, but the park does take care of around the loop. If you would like to take a look call us today.

Key facts

• Built 2026
• Listed 113 days

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $100k. Condition is rated excellent.

Deal economics

• At list price, monthly cash flow is $75 ($901/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $97k (3.0% below list).
• Recommended offer: $91k (9.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 77/100 on livability (#19 in SD, #3,182 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: amenities F, commute F.
• Milbank School District 25-4 (town): math 46% / reading 61% proficiency, ranked #19 of 59 in SD (top 32%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 37 active listings in the ZIP; 22 units permitted in Grant County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $691 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Grant County population projected at -16% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• It's been on market 114 days — a 9% lower offer ($91k) is reasonable based on typical stale-listing flexibility.

Recommended offer $90,909 (9.0% below list)

Questions for the listing agent

1. It's been on market 114 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
5. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
6. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 0.97% ✗
• Cap rate: 7.19%
• Cash-on-cash: 3.22%
• DSCR: 1.14
• GRM: 8.6

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -11.2%
• Equity multiple: 0.59×
• Total profit: $-11,391
• Equity at exit: $14,895

10-year hold

• IRR: -1.9%
• Equity multiple: 0.87×
• Total profit: $-3,701
• Equity at exit: $8,638

Cash invested: $27,972 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 83 Strongly Landlord-Friendly
• State South Dakota: 83 Strongly Landlord-Friendly · R+16
• County: — inherits STATE
• City: — inherits STATE

3-day notice; mostly landlord-friendly.

Methodology + full state rankings →

ZIP-level market 57252

• Active inventory: 37
• Price-to-rent: 8.6×

Monthly cashflow live

• Estimated rent: $969 medium
• Mortgage (P&I): −$524
• Tax est. 1.5%: −$125 /mo · $1,498/yr
• Insurance: −$42
• HOA: −$0
• Vacancy / Maint / Mgmt: −$203
• Net cashflow: $75

Break-even live

Break-even rent $874

Max offer price $99,900

Occupancy floor 87%

Sensitivity live

Price	-10% $144	-5% $110	+0% $75	+5% $41	+10% $6
Rent	-10% $-1	-5% $37	+0% $75	+5% $113	+10% $152
Rate	-1.0pp $125	-0.5pp $101	base $75	+0.5pp $49	+1.0pp $23

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $24,975
• Closing costs: $2,997
• Reserves months: —
• Total cash needed: —

Listing history 17 events

1. 2026-06-19
   days on market $99,900 Active 114 DOM
2. 2026-06-18
   days on market $99,900 Active 113 DOM
3. 2026-06-17
   days on market $99,900 Active 112 DOM
4. 2026-06-16
   days on market $99,900 Active 111 DOM
5. 2026-06-15
   days on market $99,900 Active 110 DOM
6. 2026-06-14
   days on market $99,900 Active 108 DOM
7. 2026-06-12
   days on market $99,900 Active 107 DOM
8. 2026-06-09
   days on market $99,900 Active 104 DOM
9. 2026-06-08
   days on market $99,900 Active 103 DOM
10. 2026-06-07
    days on market $99,900 Active 102 DOM
11. 2026-06-05
    days on market $99,900 Active 100 DOM
12. 2026-06-02
    days on market $99,900 Active 97 DOM
13. 2026-06-01
    days on market $99,900 Active 96 DOM
14. 2026-05-31
    days on market $99,900 Active 95 DOM
15. 2026-05-30
    days on market $99,900 Active 94 DOM
16. 2026-04-07
    price $99,900 716-char remark

    Show marketing remark (716 chars)

    BRAND NEW !!!!! Hooked up and move in ready. . This brand new 2026 14 x 70 Champ/Decatur trailer is fresh out of the factory!! It features 3 bedrooms 2 full bathrooms and is located in a trailer park called Hansen Loop between Milbank and Big Stone City SD On HWY 12. Hansen Loop is a peaceful and well taken care of trailer park that gives you the feel of being in the country but yet close to town. The lot rent is 350.00 a month which includes water, sewer and garbage. To Help you get started the park will include 6 months lot rent for free. Buyers are responsible for mowing and snow removal around there property, but the park does take care of around the loop. If you would like to take a look call us today.

17. 2026-02-24
    listed $110,000 Active 716-char remark

    Show marketing remark (716 chars)

    BRAND NEW !!!!! Hooked up and move in ready. . This brand new 2026 14 x 70 Champ/Decatur trailer is fresh out of the factory!! It features 3 bedrooms 2 full bathrooms and is located in a trailer park called Hansen Loop between Milbank and Big Stone City SD On HWY 12. Hansen Loop is a peaceful and well taken care of trailer park that gives you the feel of being in the country but yet close to town. The lot rent is 350.00 a month which includes water, sewer and garbage. To Help you get started the park will include 6 months lot rent for free. Buyers are responsible for mowing and snow removal around there property, but the park does take care of around the loop. If you would like to take a look call us today.

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 2/10 Low 7 d/yr ≥99°F today · 13 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $11,628
• − Mortgage interest: −$5,596
• − Property taxes: −$1,498
• − Insurance: −$500
• − Repairs & maintenance: −$930
• − Management: −$930
• − Depreciation: −$2,906
• Taxable loss: −$733
• Est. tax savings @ 24.0%: +$176
• After-tax cash flow: $1,077/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Condition & rehab AI · 13 photos

Excellent 95/100 None rehab

This single-family home is in excellent condition with no visible repairs or maintenance needed. It is move-in ready and has a good resale and rental value.

Value-add opportunities

• Both Painting the exterior siding and updating the landscaping — Painting the exterior and updating the landscaping will enhance the curb appeal and increase both resale and rental value.

Renovation cost estimate screening

Value-add ROI direction

• Both Painting the exterior siding and updating the landscaping — Painting the exterior and updating the landscaping will enhance the curb appeal and increase both resale and rental value. ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Milbank School District 25-4
• NCES district ID: 4600002
• Math proficiency: 46% ▲ 3.00%
• Reading proficiency: 61% ▼ -1.00%
• Median HH income: $49,055
• Composite: 45.54/100
• National rank: #2604
• State rank: #19 of 59 in SD

Livability — Milbank

• Score: 77/100
• State rank: #19
• US rank: #3182

Category grades

Amenities F Commute F Cost of living A+ Crime A Employment C+ Housing A+ Health & safety A+ User ratings D-

Schools grade is shown separately in the Schools card above.

Census & demographics

• Population (ZIP): 4,882

Population outlook (Grant County) Hauer SSP2

• Today (2025): 6,713 people
• By 2030: 6,458 · -3.8%
• By 2040: 5,990 · -10.8%
• By 2050: 5,667 · -15.6%
• By 2075: 5,925 · -11.7%
• By 2100: 7,228 · +7.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (89%)
• Race & ethnicity: White 89% Hispanic / Latino 9% Two or more races 3% Native American 3%
• Hispanic origin (detail): Mexican 7%
• Common ancestry: Portuguese 17% Iranian 6% English 1%
• Foreign-born: 8% · Canada
• Languages at home: 88% English-only · Spanish 8% German/W. Germanic 3% Korean 1%

Political lean MEDSL · Grant

• 2024 margin: Solid R (+45.4) · D 26.1% · R 71.5% · Other 2.5%
• 2008→2024 swing: -41.1pp toward R · 2008: -4.3pp · 2024: -45.4pp
• All cycles: 2024: R+45.4 2020: R+41.7 2016: R+39.6 2012: R+15.0 2008: R+4.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -106.85%
• Current HPI: 160.3639
• Rent YoY: —
• Metro: —
• State GDP YoY: ▲ 0.70%
• F500 in state: 2

Industry mix (Fortune 500 HQ in SD)

Industry	F500 HQs	Revenue
▸Utilities	1	$1B

Price history

-9.2% since first listed

2 events — show timeline

• 2026-04-07 Price Changed $99,900 NESD
• 2026-02-24 Listed $110,000 NESD