342 W 3rd St · Winner, SD 57580

$55,000

4 bd · 2.0 ba · 2,296 sqft · Other · 110 Days on market

Built 1925 6,520 sqft lot ↓ 24% since listing

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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 +3.6/10.0
• Livability +3.6/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Here's a cozy and charming 1 ½ story home with plenty of space and character! With 4 bedrooms and 2 bathrooms, this 1664 sq ft gem also features an additional 216 sq ft back addition for even more room to enjoy. The main floor offers a bedroom, a bathroom. Upstairs, you'll find 3 more bedrooms and another bathroom, perfect for family or guests. Plus, there is front and back enclosed porch.

Key facts

• Back addition
• Enclosed porch
• 6,520 sq ft lot

Tags

• BACK ADDITION
• ENCLOSED PORCH

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath other listed at $55k.

Deal economics

• At list price, monthly cash flow is $696 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $55k).
• Recommended offer: $50k (9.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 72/100 on livability (#49 in SD) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, crime A; Watch: employment D+, amenities F, commute F.
• Winner School District 59-2 (town): math 35% / reading 50% proficiency, ranked #48 of 59 in SD (top 81%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Winner Elementary - 04 (math 42% / reading 52%, grade D-, #134 of 253 statewide, top 55%, 444 students, 42% FRL); Winner Middle School - 02 (math 32% / reading 47%, grade F, #102 of 143 statewide, top 76%, 160 students, 41% FRL); Winner High School - 01 (math 34% / reading 64%, grade D, #100 of 151 statewide, top 69%, 210 students, 34% FRL) — zoned schools at 39% FRL track the district average.
• Market conditions: 17 active listings in the ZIP; 2 units permitted in Tripp County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $380 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Tripp County population projected at -14% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $15k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 110 days — a 9% lower offer ($50k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts 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.

Risks & watch-outs

• Watch-outs: built in 1925 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $50,050 (9.0% below list)

Questions for the listing agent

1. It's been on market 110 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Built in 1925 — 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. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
6. 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.
7. 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.
8. 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: 2.57% ✓
• Cap rate: 21.49%
• Cash-on-cash: 54.27%
• DSCR: 3.41
• GRM: 3.2

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: 52.5%
• Equity multiple: 3.30×
• Total profit: $35,491
• Equity at exit: $8,201

10-year hold

• IRR: 57.8%
• Equity multiple: 6.73×
• Total profit: $88,211
• Equity at exit: $4,755

Cash invested: $15,400 (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 57580

• Home prices YoY: -31.1%
• Active inventory: 17
• Price-to-rent: 3.2×

Monthly cashflow live

• Estimated rent: $1,414 medium
• Mortgage (P&I): −$288
• Tax from tax record: −$109 /mo · $1,312/yr
• Insurance: −$23
• HOA: −$0
• Vacancy / Maint / Mgmt: −$297
• Net cashflow: $696

Break-even live

Break-even rent $533

Max offer price $55,000

Occupancy floor 46%

Sensitivity live

Price	-10% $728	-5% $712	+0% $696	+5% $681	+10% $665
Rent	-10% $585	-5% $641	+0% $696	+5% $752	+10% $808
Rate	-1.0pp $724	-0.5pp $710	base $696	+0.5pp $682	+1.0pp $668

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: $13,750
• Closing costs: $1,650
• Reserves months: —
• Total cash needed: —

Listing history 5 events

1. 2026-06-01
   days on market $55,000 Active 110 DOM
2. 2026-05-31
   days on market $55,000 Active 109 DOM
3. 2026-02-11
   listed $55,000 Active 399-char remark

   Show marketing remark (399 chars)

   Here's a cozy and charming 1 ½ story home with plenty of space and character! With 4 bedrooms and 2 bathrooms, this 1664 sq ft gem also features an additional 216 sq ft back addition for even more room to enjoy. The main floor offers a bedroom, a bathroom. Upstairs, you'll find 3 more bedrooms and another bathroom, perfect for family or guests. Plus, there is front and back enclosed porch.

4. 2025-04-16
   price $65,000
5. 2025-01-13
   listed $72,500 Active

ⓘ 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: $1,312 · $109/mo
• Projected year-2 tax: $1,312 · $109/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

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

Climate risk First Street

• 🌊 Flood 1/10 Low 0% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 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: $16,970
• − Mortgage interest: −$3,081
• − Property taxes: −$1,312
• − Insurance: −$275
• − Repairs & maintenance: −$1,358
• − Management: −$1,358
• − Depreciation: −$1,600
• Taxable income: $7,986
• Est. tax owed @ 24.0%: −$1,917
• After-tax cash flow: $6,441/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: Winner School District 59-2
• NCES district ID: 4679710
• Math proficiency: 35% ▲ 1.00%
• Reading proficiency: 50% ▲ 1.00%
• Median HH income: $41,289
• Composite: 35.67/100
• National rank: #4878
• State rank: #48 of 59 in SD

Livability — Winner

• Score: 72/100
• State rank: #49
• US rank: #6496

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Winner, SD
• Population (ZIP): 4,271

Population outlook (Tripp County) Hauer SSP2

• Today (2025): 5,086 people
• By 2030: 4,917 · -3.3%
• By 2040: 4,583 · -9.9%
• By 2050: 4,362 · -14.2%
• By 2075: 4,914 · -3.4%
• By 2100: 6,255 · +23.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (79%)
• Race & ethnicity: White 79% Native American 13% Two or more races 5% Hispanic / Latino 2% Asian 1%
• Common ancestry: Portuguese 7% Iranian 4% Lithuanian 2%
• Foreign-born: 2% · Canada
• Languages at home: 95% English-only · German/W. Germanic 1% Tagalog/Filipino 1% Spanish 1%

Political lean MEDSL · Tripp

• 2024 margin: Solid R (+63.3) · D 17.7% · R 81.0% · Other 1.3%
• 2008→2024 swing: -30.0pp toward R · 2008: -33.3pp · 2024: -63.3pp
• All cycles: 2024: R+63.3 2020: R+61.8 2016: R+61.1 2012: R+43.4 2008: R+33.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -78.11%
• Current HPI: 173.3146
• 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

-24.1% since first listed

3 events — show timeline

• 2026-02-11 Listed $55,000 CSDBR
• 2025-04-16 Price Changed $65,000 CSDBR
• 2025-01-13 Listed $72,500 CSDBR

Property tax history

+5.0%/yr

Latest (2025): $1,312 · +22.7% YoY. Source: county tax records.