1032 1st StBrookingsSD57006
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Brookings at 1032 1st St, Brookings, SD, 57006 uses $71,604 cash to close to unlock $5,150/yr annual cash flow and $429/mo monthly cash flow. Total monthly income runs $1,794/mo, and a $1,057/mo payment keeps the spread at $429/mo. Purchase price stands at $216,000, and rental yield measures 9.97% with $1,794/mo rent. Return on cash invested shows 27.1% in year one, and 5% annual appreciation builds toward $59,677 over five years. Five-year ROI reaches 141.65% and total cumulative return in cash records $101,427. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,794/mo property income covering a $1,057/mo payment rather than investor’s personal income.
Single Family
Built in 1951
8,250 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57006, Brookings, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,948 (100%) |
| Owner Occupied HU | 5,648 (47.3%) |
| Renter Occupied HU | 4,963 (41.5%) |
| Vacant Housing Units | 1,337 (11.2%) |
| Median Home Value | $287,661 |
| Average Home Value | $318,758 |
Housing Distribution
Address Breakdown
Residential
11,158
Single Family
8,175
Multi-Family
2,983
Businesses
935
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