1001 S Harrison St St · Lennox, SD 57039

$65,000

3 bd · 2.0 ba · 1,280 sqft · Manufactured · 39 Days on market

Built 1992 Excellent condition 8,125 sqft lot $51/sqft · 44% below area Est $115k · 44% under ↓ 13% since listing

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Why this score? — see what drove the A- 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
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Schools +5.2/10.0
• Condition / age +4.8/5.0
• Livability +3.6/5.0
• Rent growth +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Why rent when ownership is within reach—or add this affordable property to your investment portfolio? This 1992 mobile home offers comfortable small-town living in a great Lennox mobile home park and is suitable for owner-occupants or investors. Featuring 3 bedrooms and 2 bathrooms, both baths have been updated with newer vanities, and the primary suite includes a walk-in tiled shower. The living room is warm and inviting with a new electric fireplace for cozy evenings, along with new carpet and a new ceiling fan. The kitchen offers new vinyl flooring, black appliances including a gas range and new fridge, and an eat-in dining area ideal for everyday living. A separate laundry room adds convenience, and the washer and dryer are included. With a functional layout, recent updates, and a desirable park location, this home is an excellent opportunity for affordable homeownership or a rental investment. Many of the windows and both exterior doors have been recently replaced. * Lot rent: $320/month * Rentals allowed – investor friendly * Great park location * Small-town living in Lennox, SD Affordable, updated, and move-in ready—schedule your showing today!

Key facts

• Black appliances
• Updated baths
• Walk-in tiled shower

Tags

• UPDATED BATHS
• WALK-IN TILED SHOWER
• NEW ELECTRIC FIREPLACE
• NEW CARPET
• NEW VINYL FLOORING
• BLACK APPLIANCES

🏷️ Possibly a rental listed for sale. The $65,000 price doesn't fit this home's estimated sale value (~$115,488) and the remarks read like a rental — treat the cards below with caution.

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $65k. Condition is rated excellent.

Deal economics

• At list price, monthly cash flow is $471 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $65k).
• Recommended offer: $63k (3.0% below list) — sets the bar for market timing.
• Cap rate 15.0% vs local median 1.8% in Lennox — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 71/100 on livability (#50 in SD) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: amenities F, commute F, health & safety D-.
• Lennox School District 41-4 (rural): math 56% / reading 64% proficiency, ranked #5 of 59 in SD (top 8%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease; only 12% free/reduced lunch — higher-income household profile.
• Market conditions: 56 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 232 units permitted in Lincoln County in 2024 (14 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $449 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Lincoln County population projected at +66% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $18k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• It's been on market 39 days — a 3% lower offer ($63k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 5y 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.

Recommended offer $63,050 (3.0% below list)

Questions for the listing agent

1. It's been on market 39 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
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: 1.73% ✓
• Cap rate: 14.99%
• Cash-on-cash: 31.05%
• DSCR: 2.38
• GRM: 4.8

CMA / ARV

• ARV (median comp): $115,488
• List price: $65,000
• Delta: -43.72%
• 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
805 S Mckinley St	0.13mi	3/2.0	1,444 (+13%)	18mo	$117,000	$81	57

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

Projected returns pro-forma

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

5-year hold

• IRR: 25.8%
• Equity multiple: 2.07×
• Total profit: $19,459
• Equity at exit: $9,692

10-year hold

• IRR: 33.5%
• Equity multiple: 4.05×
• Total profit: $55,558
• Equity at exit: $5,620

Cash invested: $18,200 (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 57039

• Active inventory: 56
• Price-to-rent: 4.8×

Monthly cashflow live

• Estimated rent: $1,125 medium
• Mortgage (P&I): −$341
• Tax from tax record: −$50 /mo · $598/yr
• Insurance: −$27
• HOA: −$0
• Vacancy / Maint / Mgmt: −$236
• Net cashflow: $471

Break-even live

Break-even rent $529

Max offer price $65,000

Occupancy floor 53%

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: $16,250
• Closing costs: $1,950
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
205 N Cherry St Lennox, SD	2.0	1.0	960	$1,125	$1.17	13d	1	0.95mi

Listing history 8 events

1. 2026-04-19
   listed $65,000 Active 1197-char remark

   Show marketing remark (1197 chars)

   Why rent when ownership is within reach—or add this affordable property to your investment portfolio? This 1992 mobile home offers comfortable small-town living in a great Lennox mobile home park and is suitable for owner-occupants or investors. Featuring 3 bedrooms and 2 bathrooms, both baths have been updated with newer vanities, and the primary suite includes a walk-in tiled shower. The living room is warm and inviting with a new electric fireplace for cozy evenings, along with new carpet and a new ceiling fan. The kitchen offers new vinyl flooring, black appliances including a gas range and new fridge, and an eat-in dining area ideal for everyday living. A separate laundry room adds convenience, and the washer and dryer are included. With a functional layout, recent updates, and a desirable park location, this home is an excellent opportunity for affordable homeownership or a rental investment. Many of the windows and both exterior doors have been recently replaced. * Lot rent: $320/month * Rentals allowed – investor friendly * Great park location * Small-town living in Lennox, SD Affordable, updated, and move-in ready—schedule your showing today!

2. 2022-01-21
   soldstatus $64,000 Sold 963-char remark

   Show marketing remark (963 chars)

   Are you looking for a home that has all the bedrooms on the same level, a master bathroom, beautiful kitchen and an open floorplan? Perhaps one that is newly built so it will be low maintenance for years and has low taxes? This home has all of the above and more. Was ((built in 2018)), only one owner plus still looks and feels brand new. The newer gas range adds to this beautiful kitchen with plenty of storage and counter space. Enjoy the beautiful weather on either of the two good sized newer decks. Plenty of room for patio furniture and grill. All appliances, washer, dryer and the newer large storage shed are included. ($3000 shed) Located in the SW corner of town youll enjoy the piece and quiet as well as unobstructed views of the South Dakota sunsets. This home is move in ready, includes all appliances plus washer and dryer. Set up a time to view this home just outside of Sioux Falls before its sold. Lot rent also includes garbage and recycling.

3. 2022-01-17
   status Pending 963-char remark

   Show marketing remark (963 chars)

   Are you looking for a home that has all the bedrooms on the same level, a master bathroom, beautiful kitchen and an open floorplan? Perhaps one that is newly built so it will be low maintenance for years and has low taxes? This home has all of the above and more. Was ((built in 2018)), only one owner plus still looks and feels brand new. The newer gas range adds to this beautiful kitchen with plenty of storage and counter space. Enjoy the beautiful weather on either of the two good sized newer decks. Plenty of room for patio furniture and grill. All appliances, washer, dryer and the newer large storage shed are included. ($3000 shed) Located in the SW corner of town youll enjoy the piece and quiet as well as unobstructed views of the South Dakota sunsets. This home is move in ready, includes all appliances plus washer and dryer. Set up a time to view this home just outside of Sioux Falls before its sold. Lot rent also includes garbage and recycling.

4. 2022-01-12
   price $64,900 963-char remark

   Show marketing remark (963 chars)

   Are you looking for a home that has all the bedrooms on the same level, a master bathroom, beautiful kitchen and an open floorplan? Perhaps one that is newly built so it will be low maintenance for years and has low taxes? This home has all of the above and more. Was ((built in 2018)), only one owner plus still looks and feels brand new. The newer gas range adds to this beautiful kitchen with plenty of storage and counter space. Enjoy the beautiful weather on either of the two good sized newer decks. Plenty of room for patio furniture and grill. All appliances, washer, dryer and the newer large storage shed are included. ($3000 shed) Located in the SW corner of town youll enjoy the piece and quiet as well as unobstructed views of the South Dakota sunsets. This home is move in ready, includes all appliances plus washer and dryer. Set up a time to view this home just outside of Sioux Falls before its sold. Lot rent also includes garbage and recycling.

5. 2021-12-11
   price $69,900 963-char remark

   Show marketing remark (963 chars)

   Are you looking for a home that has all the bedrooms on the same level, a master bathroom, beautiful kitchen and an open floorplan? Perhaps one that is newly built so it will be low maintenance for years and has low taxes? This home has all of the above and more. Was ((built in 2018)), only one owner plus still looks and feels brand new. The newer gas range adds to this beautiful kitchen with plenty of storage and counter space. Enjoy the beautiful weather on either of the two good sized newer decks. Plenty of room for patio furniture and grill. All appliances, washer, dryer and the newer large storage shed are included. ($3000 shed) Located in the SW corner of town youll enjoy the piece and quiet as well as unobstructed views of the South Dakota sunsets. This home is move in ready, includes all appliances plus washer and dryer. Set up a time to view this home just outside of Sioux Falls before its sold. Lot rent also includes garbage and recycling.

6. 2021-12-02
   status Active 963-char remark

   Show marketing remark (963 chars)

   Are you looking for a home that has all the bedrooms on the same level, a master bathroom, beautiful kitchen and an open floorplan? Perhaps one that is newly built so it will be low maintenance for years and has low taxes? This home has all of the above and more. Was ((built in 2018)), only one owner plus still looks and feels brand new. The newer gas range adds to this beautiful kitchen with plenty of storage and counter space. Enjoy the beautiful weather on either of the two good sized newer decks. Plenty of room for patio furniture and grill. All appliances, washer, dryer and the newer large storage shed are included. ($3000 shed) Located in the SW corner of town youll enjoy the piece and quiet as well as unobstructed views of the South Dakota sunsets. This home is move in ready, includes all appliances plus washer and dryer. Set up a time to view this home just outside of Sioux Falls before its sold. Lot rent also includes garbage and recycling.

7. 2021-11-25
   historical Active - Contingent Home 963-char remark

   Show marketing remark (963 chars)

   Are you looking for a home that has all the bedrooms on the same level, a master bathroom, beautiful kitchen and an open floorplan? Perhaps one that is newly built so it will be low maintenance for years and has low taxes? This home has all of the above and more. Was ((built in 2018)), only one owner plus still looks and feels brand new. The newer gas range adds to this beautiful kitchen with plenty of storage and counter space. Enjoy the beautiful weather on either of the two good sized newer decks. Plenty of room for patio furniture and grill. All appliances, washer, dryer and the newer large storage shed are included. ($3000 shed) Located in the SW corner of town youll enjoy the piece and quiet as well as unobstructed views of the South Dakota sunsets. This home is move in ready, includes all appliances plus washer and dryer. Set up a time to view this home just outside of Sioux Falls before its sold. Lot rent also includes garbage and recycling.

8. 2021-11-21
   listed $74,900 Active 963-char remark

   Show marketing remark (963 chars)

   Are you looking for a home that has all the bedrooms on the same level, a master bathroom, beautiful kitchen and an open floorplan? Perhaps one that is newly built so it will be low maintenance for years and has low taxes? This home has all of the above and more. Was ((built in 2018)), only one owner plus still looks and feels brand new. The newer gas range adds to this beautiful kitchen with plenty of storage and counter space. Enjoy the beautiful weather on either of the two good sized newer decks. Plenty of room for patio furniture and grill. All appliances, washer, dryer and the newer large storage shed are included. ($3000 shed) Located in the SW corner of town youll enjoy the piece and quiet as well as unobstructed views of the South Dakota sunsets. This home is move in ready, includes all appliances plus washer and dryer. Set up a time to view this home just outside of Sioux Falls before its sold. Lot rent also includes garbage and recycling.

ⓘ 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: $598 · $50/mo
• Projected year-2 tax: $852 · $71/mo
• Expected delta: +$253/yr (+$21/mo · 42.3%)

ⓘ 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 2/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥101°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: $13,500
• − Mortgage interest: −$3,641
• − Property taxes: −$598
• − Insurance: −$325
• − Repairs & maintenance: −$1,080
• − Management: −$1,080
• − Depreciation: −$1,891
• Taxable income: $4,885
• Est. tax owed @ 24.0%: −$1,172
• After-tax cash flow: $4,479/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 · 12 photos

Excellent 95/100 None rehab

This 1992 mobile home is in excellent condition with recent updates, making it a great investment opportunity.

Value-add opportunities

• Both Paint exterior siding — Enhances curb appeal and value
• Both Replace ceiling fan with energy-efficient model — Saves energy and looks modern
• Both Install smart home devices — Improves convenience and energy efficiency

Renovation cost estimate screening

Value-add ROI direction

• Both Paint exterior siding — Enhances curb appeal and value ↑
• Both Replace ceiling fan with energy-efficient model — Saves energy and looks modern ↑
• Both Install smart home devices — Improves convenience and energy efficiency ↑

ⓘ 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: Lennox School District 41-4
• NCES district ID: 4641550
• Math proficiency: 56% ▲ 3.00%
• Reading proficiency: 64% ▲ 2.00%
• Median HH income: $63,780
• Composite: 52.37/100
• National rank: #1584
• State rank: #5 of 59 in SD

Livability — Lennox

• Score: 71/100
• State rank: #50
• US rank: #6618

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Lennox, SD
• Population (ZIP): 3,875

Population outlook (Lincoln County) Hauer SSP2

• Today (2025): 70,138 people
• By 2030: 78,929 · +12.5%
• By 2040: 97,132 · +38.5%
• By 2050: 116,136 · +65.6%
• By 2075: 166,314 · +137.1%
• By 2100: 219,430 · +212.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (90%)
• Race & ethnicity: White 90% Two or more races 5% Hispanic / Latino 3% Black 1%
• Common ancestry: Portuguese 21% Iranian 9% Romanian 3%
• Foreign-born: 0% · Canada
• Languages at home: 99% English-only · Spanish 1%

Political lean MEDSL · Lincoln

• 2024 margin: Strong R (+26.5) · D 35.7% · R 62.2% · Other 2.2%
• 2008→2024 swing: -11.3pp toward R · 2008: -15.2pp · 2024: -26.5pp
• All cycles: 2024: R+26.5 2020: R+23.6 2016: R+29.4 2012: R+25.6 2008: R+15.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -88.67%
• Current HPI: 149.1732
• 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

-13.2% since first listed

8 events — show timeline

• 2026-04-19 Listed $65,000 REALTOR® Association of the Sioux Empire
• 2022-01-21 Sold (MLS) $64,000 REALTOR® Association of the Sioux Empire
• 2022-01-17 Pending — REALTOR® Association of the Sioux Empire
• 2022-01-12 Price Changed $64,900 REALTOR® Association of the Sioux Empire
• 2021-12-11 Price Changed $69,900 REALTOR® Association of the Sioux Empire
• 2021-12-02 Relisted — REALTOR® Association of the Sioux Empire
• 2021-11-25 Contingent — REALTOR® Association of the Sioux Empire
• 2021-11-21 Listed $74,900 REALTOR® Association of the Sioux Empire

Property tax history

-12.3%/yr

Latest (2025): $598 · +32.3% YoY. Source: county tax records.