1021 Rice Dr,Vermillion,SD,57069

Investment Highlights

Investment property for sale in Vermillion at 1021 Rice Dr, Vermillion, SD, 57069 offers a 8.42% rental yield on a $189,900 purchase with $1,332/mo rent. Total monthly income registers $1,332/mo, and a $929/mo payment leaves $132/mo available for distribution. Annual cash flow reaches $1,589/yr on $62,952 to close, and return on cash invested stands at 22.43% in year one. Equity gained on principal adds $1,225/yr while 5% annual appreciation supports $52,466 over five years. Portfolio math shows five-year ROI at 116.61% and total cumulative return in cash at $73,409. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,332/mo property income against a $929/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.