47649 250th St St · Baltic, SD 57030

$530,000

3 bd · 4.0 ba · 2,040 sqft · SingleFamily public records · 70 Days on market

Built 2000 2.48 ac lot $260/sqft · 33% below area Est $769k · 31% under

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Why this score? — see what drove the D- 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).

• ARV discount +15.0/15.0
• Appreciation +10.0/10.0
• Schools +4.9/10.0
• Livability +3.7/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Cash flow +0.3/30.0
• 1% rule +0.0/10.0
• DSCR +0.0/10.0

Listing remarks MLS

Escape to your own 2.48-acre oasis! This updated ranch combines the best of country living with modern convenience, featuring hard-surfaced roads all the way to your driveway. Inside, enjoy a bright, open-concept layout centered around a newly updated custom kitchen with a massive island, perfect for entertaining. The vaulted ceiling in this space is a plus. The main floor boasts fresh carpet in the bedrooms, while the finished, freshly painted lower level offers a spacious family room, a third bedroom, and a brand-new bath. Outside, bring the toys and the horses! Features include a 45 x 24’ detached garage and a massive 100 x 40’ pole barn complete with a separate tack room. Home Sale Contingent Offer accepted – 72 hour kickout

Key facts

• 2.48 acre oasis
• Custom kitchen
• Massive island

Tags

• 2.48 ACRE OASIS
• CUSTOM KITCHEN
• MASSIVE ISLAND
• VAULTED CEILING
• FINISHED LOWER LEVEL
• SPACIOUS FAMILY ROOM

What this means for you Summary

Snapshot

• This is a 3-bed/4.0-bath single-family listed at $530k.

Deal economics

• At list price, monthly cash flow is $-2k ($-28k/yr) — negative.
• To cash-flow at today's rent, offer at most $115k (78.4% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $138k (74.1% below list).
• Recommended offer: $115k (78.4% below list) — sets the bar for cash-flow.

Location & tenants

• Location reads 74/100 on livability (#35 in SD, #4,979 nationally) — a middle-class / working-renter tenant base. Strengths: crime A+, employment A+, cost of living A+; Watch: amenities F, commute F, health & safety D-.
• Baltic School District 49-1 (rural): math 46% / reading 64% proficiency, ranked #13 of 59 in SD (top 22%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease; only 14% free/reduced lunch — higher-income household profile.
• Market conditions: 28 active listings in the ZIP; 2,425 units permitted in Minnehaha County in 2024 (1,367 in 5+ unit buildings).

Forward outlook

• In year one you build about $57k of equity ($4k loan paydown + $53k appreciation (10.0% local appreciation)).
• Minnehaha County population projected at +46% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• By year 2, paydown + projected appreciation supports a ~$91k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 70 days — a 6% lower offer ($498k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 23y 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 $200k; list at $530k implies a 166% gain — meaningful room to come down on a strong offer.

Recommended offer $114,650 (78.4% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 70 days. Have you received any prior offers? Is the seller open to a 78% concession, seller financing, or rate buy-down credit?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
7. 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.
8. 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.
9. 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: 0.26% ✗
• Cap rate: 0.97%
• Cash-on-cash: -19.01%
• DSCR: 0.15
• GRM: 32.1

CMA / ARV

• ARV (median comp): $768,569
• List price: $530,000
• Delta: -31.04%
• Verdict: UNDERPRICED
• Comps: 1 within 2.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
24968 476th Ave	0.57mi	3/2.0	2,321 (+14%)	13mo	$750,000	$323	32

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 11.2%
• Equity multiple: 1.94×
• Total profit: $138,785
• Equity at exit: $477,466

10-year hold

• IRR: 12.1%
• Equity multiple: 4.55×
• Total profit: $526,227
• Equity at exit: $1,029,673

Cash invested: $148,400 (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 57030

• Home prices YoY: 11.7%
• Active inventory: 28
• Price-to-rent: 32.1×

Monthly cashflow live

• Estimated rent: $1,375 medium
• Mortgage (P&I): −$2,779
• Tax from tax record: −$437 /mo · $5,249/yr
• Insurance: −$221
• HOA: −$0
• Vacancy / Maint / Mgmt: −$289
• Net cashflow: $-2,351

Break-even live

Break-even rent $4,351

Max offer price $114,650

Occupancy floor —

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: $132,500
• Closing costs: $15,900
• Reserves months: —
• Total cash needed: —

Listing history 8 events

1. 2026-05-14
   price $530,000 756-char remark

   Show marketing remark (756 chars)

   Escape to your own 2.48-acre oasis! This updated ranch combines the best of country living with modern convenience, featuring hard-surfaced roads all the way to your driveway. Inside, enjoy a bright, open-concept layout centered around a newly updated custom kitchen with a massive island, perfect for entertaining. The vaulted ceiling in this space is a plus. The main floor boasts fresh carpet in the bedrooms, while the finished, freshly painted lower level offers a spacious family room, a third bedroom, and a brand-new bath. Outside, bring the toys and the horses! Features include a 45 x 24’ detached garage and a massive 100 x 40’ pole barn complete with a separate tack room. Home Sale Contingent Offer accepted – 72 hour kickout

2. 2026-04-15
   price $540,000 756-char remark

   Show marketing remark (756 chars)

   Escape to your own 2.48-acre oasis! This updated ranch combines the best of country living with modern convenience, featuring hard-surfaced roads all the way to your driveway. Inside, enjoy a bright, open-concept layout centered around a newly updated custom kitchen with a massive island, perfect for entertaining. The vaulted ceiling in this space is a plus. The main floor boasts fresh carpet in the bedrooms, while the finished, freshly painted lower level offers a spacious family room, a third bedroom, and a brand-new bath. Outside, bring the toys and the horses! Features include a 45 x 24’ detached garage and a massive 100 x 40’ pole barn complete with a separate tack room. Home Sale Contingent Offer accepted – 72 hour kickout

3. 2026-03-11
   listed $550,000 Active 756-char remark

   Show marketing remark (756 chars)

   Escape to your own 2.48-acre oasis! This updated ranch combines the best of country living with modern convenience, featuring hard-surfaced roads all the way to your driveway. Inside, enjoy a bright, open-concept layout centered around a newly updated custom kitchen with a massive island, perfect for entertaining. The vaulted ceiling in this space is a plus. The main floor boasts fresh carpet in the bedrooms, while the finished, freshly painted lower level offers a spacious family room, a third bedroom, and a brand-new bath. Outside, bring the toys and the horses! Features include a 45 x 24’ detached garage and a massive 100 x 40’ pole barn complete with a separate tack room. Home Sale Contingent Offer accepted – 72 hour kickout

4. 2006-05-26
   soldstatus $199,500
5. 2006-03-02
   listed $199,500 242-char remark

   Show marketing remark (242 chars)

   Great Acreage On Paved Road. 100x40 Pole Barn With 3 Individual Horse Stalls. Open Floor Plan With 3 Bedrooms, 2 Full Baths, Whirlpool, Spacious Family Room, Bar/Kitchen Area In Lower Level. Triple And Double 24x38 + 24x24 Garage. 2.48 Acres.

6. 2004-11-30
   historical
7. 2004-07-12
   listed $194,500
8. 2003-06-12
   listed $177,208

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

Tax reassessment forecast SD · Resets to sale price

• Current annual tax: $5,249 · $437/mo
• Projected year-2 tax: $6,943 · $579/mo
• Expected delta: +$1,694/yr (+$141/mo · 32.3%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 2/10 Low 7 d/yr ≥98°F today · 14 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $16,503
• − Mortgage interest: −$29,688
• − Property taxes: −$5,249
• − Insurance: −$2,650
• − Repairs & maintenance: −$1,320
• − Management: −$1,320
• − Depreciation: −$15,418
• Taxable loss: −$39,143
• Est. tax savings @ 24.0%: +$9,394
• After-tax cash flow: $-18,820/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.

Schools (NCES district)

• District: Baltic School District 49-1
• NCES district ID: 4604680
• Math proficiency: 46% ▼ -3.00%
• Reading proficiency: 64% ▲ 5.00%
• Median HH income: $69,910
• Composite: 48.76/100
• National rank: #2095
• State rank: #13 of 59 in SD

Livability — Baltic

• Score: 74/100
• State rank: #35
• US rank: #4979

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Population (ZIP): 2,617

Population outlook (Minnehaha County) Hauer SSP2

• Today (2025): 222,323 people
• By 2030: 241,430 · +8.6%
• By 2040: 281,643 · +26.7%
• By 2050: 325,574 · +46.4%
• By 2075: 469,313 · +111.1%
• By 2100: 664,763 · +199.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (92%)
• Race & ethnicity: White 92% Native American 6% Two or more races 2%
• Common ancestry: Portuguese 23% Iranian 9% Slovak 2%
• Foreign-born: 0%
• Languages at home: 98% English-only · Spanish 1% German/W. Germanic 1%

Political lean MEDSL · Minnehaha

• 2024 margin: R (+12.7) · D 42.5% · R 55.2% · Other 2.4%
• 2008→2024 swing: -13.4pp toward R · 2008: 0.7pp · 2024: -12.7pp
• All cycles: 2024: R+12.7 2020: R+9.5 2016: R+14.6 2012: R+7.4 2008: D+0.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 34.93%
• Current HPI: 333.39
• 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

+199.1% since first listed

8 events — show timeline

• 2026-05-14 Price Changed $530,000 REALTOR® Association of the Sioux Empire
• 2026-04-15 Price Changed $540,000 REALTOR® Association of the Sioux Empire
• 2026-03-11 Listed $550,000 REALTOR® Association of the Sioux Empire
• 2006-05-26 Sold (Public Records) $199,500 Public Records
• 2006-03-02 Listed $199,500 REALTOR® Association of the Sioux Empire
• 2004-11-30 Listing Removed — REALTOR® Association of the Sioux Empire
• 2004-07-12 Listed $194,500 REALTOR® Association of the Sioux Empire
• 2003-06-12 Listed $177,208 REALTOR® Association of the Sioux Empire

Property tax history

+4.4%/yr

Latest (2024): $5,249 · -2.5% YoY. Source: county tax records.