315 N Dakota St · Clark, SD 57225

$194,900

4 bd · 2.0 ba · 2,226 sqft · SingleFamily public records · 72 Days on market

Built 1956 10,018 sqft lot $88/sqft · 15% above area Est $195k · at est.

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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
• DSCR +10.0/10.0
• 1% rule +9.2/10.0
• ARV discount +7.5/15.0
• Appreciation +6.2/10.0
• Livability +3.4/5.0
• Schools +3.3/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

Welcome to this inviting 3-bedroom ranch-style home in the heart of Clark, SD--where comfort meets opportunity. The main level features three spacious bedrooms with large closets, beautiful hardwood flooring, and a warm, functional layout perfect for everyday living. Downstairs, you'll find incredible versatility with a second kitchen, an additional living area, a non-conforming room ideal for a home office or guest space, a dedicated laundry room, and abundant storage throughout. Step outside and enjoy a backyard designed for relaxing evenings--complete with a cozy firepit area perfect for gathering with family and friends. Whether you're looking for a single-family home with room to grow, a potential income-producing property, or the option to create an up/down duplex, this property offers flexibility to fit your goals. Live comfortably on the main floor while generating rental income from the lower level--helping offset your mortgage and maximize value. Opportunity, space, and charm--all in one property. Don't miss it!

Key facts

• Firepit area
• Second kitchen
• Backyard

Tags

• SECOND KITCHEN
• ADDITIONAL LIVING AREA
• DEDICATED LAUNDRY ROOM
• ABUNDANT STORAGE
• BACKYARD
• FIREPIT AREA

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $195k.

Deal economics

• At list price, monthly cash flow is $832 ($10k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $195k).
• Recommended offer: $183k (6.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 67/100 on livability (#109 in SD) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, crime B; Watch: health & safety C-, amenities F, commute F.
• Clark School District 12-2 (rural): math 30% / reading 47% proficiency, ranked #53 of 59 in SD (top 90%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Clark Elementary - 02 (math 44% / reading 54%, grade D, #115 of 253 statewide, top 52%, 201 students, 29% FRL); Clark Middle School - 03 (math 27% / reading 47%, grade F, #110 of 143 statewide, top 80%, 87 students, 24% FRL); Clark High School - 01 (math 50% / reading 70%, grade C+, #31 of 151 statewide, top 32%, 102 students, 21% FRL) — zoned schools average 25% FRL vs 44% district-wide (20 pts lower); this property's tenant base skews higher-income than the district average.
• Market conditions: 7 active listings in the ZIP; 9 units permitted in Clark County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $6k of equity ($1k loan paydown + $5k appreciation (2.5% local appreciation)).
• At projected returns (2.5% appreciation + 3.0% rent growth), your $55k cash investment doubles in ~4 years — after that, you're playing with house money.
• By year 6, paydown + projected appreciation supports a ~$33k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 72 days — a 6% lower offer ($183k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 10y 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 $149k; 31% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1956 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $183,206 (6.0% below list)

Questions for the listing agent

1. It's been on market 72 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1956 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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. 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: 1.42% ✓
• Cap rate: 11.42%
• Cash-on-cash: 18.30%
• DSCR: 1.81
• GRM: 5.9

CMA / ARV

• ARV (median comp): $194,919
• List price: $194,900
• Delta: -0.01%
• Verdict: FAIR
• Comps: 17 within 1.0 mi

Show comp detail 6 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
106 4th Ave NW	0.03mi	4/2.0	2,280 (+2%)	2mo	$185,400	$81	93
507 N Dakota St	0.12mi	5/1.5 (+1)	2,194 (-1%)	18mo	$160,000	$73	70
209 6th Ave NW	0.15mi	3/2.0 (-1)	2,328 (+5%)	20mo	$192,000	$82	64
306 N Commercial St	0.13mi	4/2.5	2,054 (-8%)	20mo	$319,000	$155	63
210 5th Ave NE	0.23mi	3/1.0 (-1)	2,074 (-7%)	15mo	$170,500	$82	56
412 2nd Ave NW	0.28mi	4/3.0	2,516 (+13%)	22mo	$220,000	$87	43

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

Projected returns pro-forma

2.48% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 23.6%
• Equity multiple: 2.31×
• Total profit: $71,236
• Equity at exit: $82,021

10-year hold

• IRR: 25.0%
• Equity multiple: 4.41×
• Total profit: $186,116
• Equity at exit: $122,200

Cash invested: $54,572 (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 57225

• Home prices YoY: 1.6%
• Active inventory: 7
• Price-to-rent: 5.9×

Monthly cashflow live

• Estimated rent: $2,758 medium
• Mortgage (P&I): −$1,022
• Tax est. 1.5%: −$244 /mo · $2,924/yr
• Insurance: −$81
• HOA: −$0
• Vacancy / Maint / Mgmt: −$579
• Net cashflow: $832

Break-even live

Break-even rent $1,705

Max offer price $194,900

Occupancy floor 65%

Sensitivity live

Price	-10% $967	-5% $899	+0% $832	+5% $765	+10% $697
Rent	-10% $614	-5% $723	+0% $832	+5% $941	+10% $1,050
Rate	-1.0pp $930	-0.5pp $882	base $832	+0.5pp $782	+1.0pp $730

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: $48,725
• Closing costs: $5,847
• Reserves months: —
• Total cash needed: —

Listing history 23 events

1. 2026-06-21
   days on market $194,900 Active 72 DOM
2. 2026-06-21
   days on market $194,900 Active 71 DOM
3. 2026-06-18
   days on market $194,900 Active 69 DOM
4. 2026-06-17
   days on market $194,900 Active 68 DOM
5. 2026-06-16
   days on market $194,900 Active 67 DOM
6. 2026-06-15
   days on market $194,900 Active 66 DOM
7. 2026-06-13
   days on market $194,900 Active 64 DOM
8. 2026-06-12
   days on market $194,900 Active 63 DOM
9. 2026-06-09
   days on market $194,900 Active 60 DOM
10. 2026-06-08
    days on market $194,900 Active 59 DOM
11. 2026-06-08
    days on market $194,900 Active 58 DOM
12. 2026-06-05
    days on market $194,900 Active 56 DOM
13. 2026-06-04
    days on market $194,900 Active 54 DOM
14. 2026-06-02
    days on market $194,900 Active 53 DOM
15. 2026-06-01
    days on market $194,900 Active 52 DOM
16. 2026-05-31
    days on market $194,900 Active 51 DOM
17. 2026-04-11
    listed $194,900 Active 1037-char remark

    Show marketing remark (1037 chars)

    Welcome to this inviting 3-bedroom ranch-style home in the heart of Clark, SD--where comfort meets opportunity. The main level features three spacious bedrooms with large closets, beautiful hardwood flooring, and a warm, functional layout perfect for everyday living. Downstairs, you'll find incredible versatility with a second kitchen, an additional living area, a non-conforming room ideal for a home office or guest space, a dedicated laundry room, and abundant storage throughout. Step outside and enjoy a backyard designed for relaxing evenings--complete with a cozy firepit area perfect for gathering with family and friends. Whether you're looking for a single-family home with room to grow, a potential income-producing property, or the option to create an up/down duplex, this property offers flexibility to fit your goals. Live comfortably on the main floor while generating rental income from the lower level--helping offset your mortgage and maximize value. Opportunity, space, and charm--all in one property. Don't miss it!

18. 2024-02-23
    soldstatus $149,000 Closed 569-char remark

    Show marketing remark (569 chars)

    The possibilities are endless in this charming 3-bedroom ranch style house in Clark, SD. The main floor offers 3 bedrooms with large closets and hardwood flooring. You will find a bonus kitchen downstairs, additional living area and a room for an office, with a laundry room and plenty of closets for extra storage. The outside is set up perfect to enjoy evenings around the firepit. This Home would be a excellent business opportunity, by making it into a up and down duplex. Or even live on the main level and rent out the basement to help with your mortgage payment.

19. 2024-02-03
    price $154,700 569-char remark

    Show marketing remark (569 chars)

    The possibilities are endless in this charming 3-bedroom ranch style house in Clark, SD. The main floor offers 3 bedrooms with large closets and hardwood flooring. You will find a bonus kitchen downstairs, additional living area and a room for an office, with a laundry room and plenty of closets for extra storage. The outside is set up perfect to enjoy evenings around the firepit. This Home would be a excellent business opportunity, by making it into a up and down duplex. Or even live on the main level and rent out the basement to help with your mortgage payment.

20. 2023-11-15
    price $169,900 569-char remark

    Show marketing remark (569 chars)

    The possibilities are endless in this charming 3-bedroom ranch style house in Clark, SD. The main floor offers 3 bedrooms with large closets and hardwood flooring. You will find a bonus kitchen downstairs, additional living area and a room for an office, with a laundry room and plenty of closets for extra storage. The outside is set up perfect to enjoy evenings around the firepit. This Home would be a excellent business opportunity, by making it into a up and down duplex. Or even live on the main level and rent out the basement to help with your mortgage payment.

21. 2023-10-21
    listed $179,900 Active 569-char remark

    Show marketing remark (569 chars)

    The possibilities are endless in this charming 3-bedroom ranch style house in Clark, SD. The main floor offers 3 bedrooms with large closets and hardwood flooring. You will find a bonus kitchen downstairs, additional living area and a room for an office, with a laundry room and plenty of closets for extra storage. The outside is set up perfect to enjoy evenings around the firepit. This Home would be a excellent business opportunity, by making it into a up and down duplex. Or even live on the main level and rent out the basement to help with your mortgage payment.

22. 2016-06-09
    soldstatus $80,000
23. 2016-04-01
    listed $89,900

ⓘ 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 4/10 Moderate
• 🌡 Heat 2/10 Low 7 d/yr ≥98°F today · 13 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: $33,098
• − Mortgage interest: −$10,917
• − Property taxes: −$2,924
• − Insurance: −$974
• − Repairs & maintenance: −$2,648
• − Management: −$2,648
• − Depreciation: −$5,670
• Taxable income: $7,317
• Est. tax owed @ 24.0%: −$1,756
• After-tax cash flow: $8,228/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: Clark School District 12-2
• NCES district ID: 4612940
• Math proficiency: 30% ▬ 0.00%
• Reading proficiency: 47% ▲ 8.00%
• Median HH income: $46,158
• Composite: 32.82/100
• National rank: #5621
• State rank: #53 of 59 in SD

Livability — Clark

• Score: 67/100
• State rank: #109
• US rank: #11194

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Clark, SD
• City population: 1,760
• Population (ZIP): 1,760

Population outlook (Clark County) Hauer SSP2

• Today (2025): 3,553 people
• By 2030: 3,490 · -1.8%
• By 2040: 3,465 · -2.5%
• By 2050: 3,532 · -0.6%
• By 2075: 4,154 · +16.9%
• By 2100: 5,073 · +42.8%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (91%)
• Race & ethnicity: White 91% Two or more races 7% Hispanic / Latino 7% Native American 1%
• Hispanic origin (detail): Mexican 5%
• Common ancestry: Portuguese 19% Romanian 2% Lithuanian 2%
• Foreign-born: 2% · Canada
• Languages at home: 97% English-only · Spanish 3%

Political lean MEDSL · Clark

• 2024 margin: Solid R (+52.5) · D 22.5% · R 75.0% · Other 2.4%
• 2008→2024 swing: -40.4pp toward R · 2008: -12.1pp · 2024: -52.5pp
• All cycles: 2024: R+52.5 2020: R+50.6 2016: R+44.7 2012: R+19.4 2008: R+12.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 2.48%
• Current HPI: 152.8578
• 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

+116.8% since first listed

7 events — show timeline

• 2026-04-11 Listed $194,900 NESD
• 2024-02-23 Sold (MLS) $149,000 NESD
• 2024-02-03 Price Changed $154,700 NESD
• 2023-11-15 Price Changed $169,900 NESD
• 2023-10-21 Listed $179,900 NESD
• 2016-06-09 Sold (MLS) $80,000 NESD
• 2016-04-01 Listed $89,900 NESD