1051 State StScotlandSD57059
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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
Rental property for sale in Scotland at 1051 State St, Scotland, SD, 57059 offers $1,325/mo rent that, after a $1,126/mo payment. Total monthly income is $1,325/mo. Return on cash invested measures 17.88% in year one, and rental yield stands at 6.91% at a $230,000 entry. Equity gained on principal adds $1,484/yr while 5% annual appreciation compounds into $63,545 by year five. Five-year ROI records 92.17% and total cumulative return in cash reaches $70,279. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,325/mo property income versus a $1,126/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Manufactured
Built in 1999
0.57 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57059, Scotland, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 672 (100%) |
| Owner Occupied HU | 447 (66.5%) |
| Renter Occupied HU | 111 (16.5%) |
| Vacant Housing Units | 114 (17.0%) |
| Median Home Value | $153,423 |
| Average Home Value | $191,963 |
Housing Distribution
Address Breakdown
Residential
389
Single Family
368
Multi-Family
21
Businesses
63
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Listed by: Christa F Helma • Priority Real Estate
Mls Name: Realtor Association of the Sioux Empire
Mls Provider:
Mls ID: #22503586
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