717 3rd St E · Mobridge, SD 57601

$52,999

1 bd · 1.0 ba · 768 sqft · SingleFamily · 27 Days on market

Built 1917 Fair condition 0.26 ac lot

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Why this score? — see what drove the B 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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Schools +4.7/10.0
• Livability +3.6/5.0
• Rent growth +2.5/5.0
• Condition / age +2.2/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Have you been thinking about buying a TINY HOME to make your own? This 384 sq ft home sits on 3 city lots in Mobridge! This summer family fishing home has been loved by 3 generations for over 40 years. The main floor has 1 bdrm, 3/4 bath, space for TV area or extra bed, and an eat in kitchen. There is plenty of space to build your dream garage! Electric Furnace, metal roof, updated elec panel.

Key facts

• New doors
• Steel roof
• Fresh interior paint

Tags

• NEW WINDOWS
• NEW DOORS
• FRESH INTERIOR PAINT
• FRESH EXTERIOR PAINT
• STEEL ROOF
• NATURAL GAS VENTED HEATER

Property features AI

Exterior

• Home design: Single-family residence; One story
• Construction: Original construction details not provided
• Exterior features: Lot approximately 0.26 acres; Lot dimensions about 105' x 106.8'

Interior

• Kitchen: Range; Refrigerator
• Bedrooms: 3 total rooms (includes bedrooms and other living spaces)
• Bathrooms: One three-quarter bathroom
• Heating & cooling: Forced air heating
• Interior features: Range; Refrigerator; Full, unfinished basement

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath single-family listed at $53k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $294 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($836 rent vs $53k).
• Recommended offer: $52k (1.5% below list) — sets the bar for market timing.

Location & tenants

• Location reads 71/100 on livability (#60 in SD) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, crime B+; Watch: employment D+, amenities F, commute F.
• Mobridge-Pollock 62-6 (town): math 50% / reading 62% proficiency, ranked #14 of 59 in SD (top 24%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 31 active listings in the ZIP; 7 units permitted in Walworth County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $366 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Walworth County population projected at +10% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $15k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• It's been on market 27 days — a 2% lower offer ($52k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 4y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $37k; 43% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1917 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $52,204 (1.5% below list)

Questions for the listing agent

1. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
2. Built in 1917 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
5. 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.
6. 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.
7. 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: 1.58% ✓
• Cap rate: 12.96%
• Cash-on-cash: 23.79%
• DSCR: 2.06
• GRM: 5.3

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: 17.0%
• Equity multiple: 1.69×
• Total profit: $10,165
• Equity at exit: $7,902

10-year hold

• IRR: 25.5%
• Equity multiple: 3.23×
• Total profit: $33,035
• Equity at exit: $4,582

Cash invested: $14,840 (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 57601

• Home prices YoY: -13.6%
• Active inventory: 31
• Price-to-rent: 5.3×

Monthly cashflow live

• Estimated rent: $836 medium
• Mortgage (P&I): −$278
• Tax est. 1.5%: −$66 /mo · $795/yr
• Insurance: −$22
• HOA: −$0
• Vacancy / Maint / Mgmt: −$176
• Net cashflow: $294

Break-even live

Break-even rent $464

Max offer price $52,999

Occupancy floor 60%

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: $13,250
• Closing costs: $1,590
• Reserves months: —
• Total cash needed: —

Listing history 18 events

1. 2026-06-18
   status $52,999 Pending 27 DOM
2. 2026-06-18
   days on market $52,999 Active 27 DOM
3. 2026-06-17
   days on market $52,999 Active 26 DOM
4. 2026-06-16
   days on market $52,999 Active 25 DOM
5. 2026-06-15
   days on market $52,999 Active 24 DOM
6. 2026-06-13
   days on market $52,999 Active 22 DOM
7. 2026-06-12
   days on market $52,999 Active 21 DOM
8. 2026-06-09
   days on market $52,999 Active 18 DOM
9. 2026-06-08
   days on market $52,999 Active 17 DOM
10. 2026-06-08
    days on market $52,999 Active 16 DOM
11. 2026-06-05
    days on market $52,999 Active 14 DOM
12. 2026-06-04
    days on market $52,999 Active 12 DOM
13. 2026-06-02
    days on market $52,999 Active 11 DOM
14. 2026-06-01
    days on market $52,999 Active 10 DOM
15. 2026-05-31
    days on market $52,999 Active 9 DOM
16. 2026-05-22
    listed $52,999 Active
17. 2022-08-02
    soldstatus $37,000 398-char remark

    Show marketing remark (398 chars)

    Have you been thinking about buying a TINY HOME to make your own? This 384 sq ft home sits on 3 city lots in Mobridge! This summer family fishing home has been loved by 3 generations for over 40 years. The main floor has 1 bdrm, 3/4 bath, space for TV area or extra bed, and an eat in kitchen. There is plenty of space to build your dream garage! Electric Furnace, metal roof, updated elec panel.

18. 2022-02-15
    listed $44,900 398-char remark

    Show marketing remark (398 chars)

    Have you been thinking about buying a TINY HOME to make your own? This 384 sq ft home sits on 3 city lots in Mobridge! This summer family fishing home has been loved by 3 generations for over 40 years. The main floor has 1 bdrm, 3/4 bath, space for TV area or extra bed, and an eat in kitchen. There is plenty of space to build your dream garage! Electric Furnace, metal roof, updated elec panel.

ⓘ 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 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 2/10 Low 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $10,033
• − Mortgage interest: −$2,969
• − Property taxes: −$795
• − Insurance: −$265
• − Repairs & maintenance: −$803
• − Management: −$803
• − Depreciation: −$1,542
• Taxable income: $2,857
• Est. tax owed @ 24.0%: −$686
• After-tax cash flow: $2,845/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 · 7 photos

Fair 45/100 Moderate rehab

This single-family home requires moderate renovations to update the kitchen and bathrooms, which would significantly increase its resale and rental value.

Repairs flagged

• Major kitchen cabinets — severely dated and in poor condition
• Major kitchen appliances — outdated and in poor condition
• Major flooring — checkered tiles in poor condition
• Major bathroom fixtures — basic and dated fixtures

Value-add opportunities

• Both update kitchen cabinets and appliances — modernizing the kitchen would significantly increase both resale and rental value
• Both replace checkered floor tiles — modern flooring would enhance both resale and rental appeal
• Both update bathroom fixtures — modern fixtures would improve both resale and rental value

Renovation cost estimate screening

Repair item	Severity	Est. cost
kitchen cabinets · severely dated and in poor condition	Major	$15,000–50,000
kitchen appliances · outdated and in poor condition	Major	$15,000–50,000
flooring · checkered tiles in poor condition	Major	$15,000–50,000
bathroom fixtures · basic and dated fixtures	Major	$15,000–50,000
Total estimated repair cost · 4 items		$60,000–200,000

Value-add ROI direction

• Both update kitchen cabinets and appliances — modernizing the kitchen would significantly increase both resale and rental value ↑
• Both replace checkered floor tiles — modern flooring would enhance both resale and rental appeal ↑
• Both update bathroom fixtures — modern fixtures would improve 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: Mobridge-Pollock 62-6
• NCES district ID: 4680441
• Math proficiency: 50% ▲ 2.00%
• Reading proficiency: 62% ▼ -3.00%
• Median HH income: $42,172
• Composite: 46.97/100
• National rank: #2355
• State rank: #14 of 59 in SD

Livability — Mobridge

• Score: 71/100
• State rank: #60
• US rank: #7236

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Mobridge, SD
• Population (ZIP): 3,483

Population outlook (Walworth County) Hauer SSP2

• Today (2025): 5,610 people
• By 2030: 5,693 · +1.5%
• By 2040: 5,896 · +5.1%
• By 2050: 6,200 · +10.5%
• By 2075: 7,621 · +35.8%
• By 2100: 9,375 · +67.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (69%)
• Race & ethnicity: White 69% Native American 18% Two or more races 12% Hispanic / Latino 1%
• Common ancestry: Portuguese 13% Iranian 3% Scotch-Irish 2%
• Foreign-born: 1%
• Languages at home: 96% English-only · Spanish 3%

Political lean MEDSL · Walworth

• 2024 margin: Solid R (+59.2) · D 19.5% · R 78.7% · Other 1.8%
• 2008→2024 swing: -31.0pp toward R · 2008: -28.1pp · 2024: -59.2pp
• All cycles: 2024: R+59.2 2020: R+54.3 2016: R+58.1 2012: R+43.1 2008: R+28.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -25.03%
• Current HPI: 159.6477
• 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

+18.0% since first listed

3 events — show timeline

• 2026-05-22 Listed $52,999 CSDBR
• 2022-08-02 Sold (MLS) $37,000 CSDBR
• 2022-02-15 Listed $44,900 CSDBR