109 N Cotton StMount VernonSD57363
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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 Mount Vernon at 109 N Cotton St, Mount Vernon, SD, 57363 priced at $110,000 converts $840/mo rent into $145/mo cash flow after a $538/mo obligation. Total monthly income equals $840/mo, and annual cash flow totals $1,743/yr on $36,465 invested. Return on cash invested prints 24.69% in year one, and rental yield reads 9.16% against a $110,000 entry. Equity gained on principal adds $710/yr, while 5% annual appreciation compiles into $30,391 by year five. Five-year ROI reaches 128.74% and total cumulative return in cash sums $46,944. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $840/mo property income covering a $538/mo payment, not borrower’s personal income.
Single Family
Built in 1988
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57363, Mount Vernon, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 410 (100%) |
| Owner Occupied HU | 291 (71.0%) |
| Renter Occupied HU | 84 (20.5%) |
| Vacant Housing Units | 35 ( 8.5%) |
| Median Home Value | $213,393 |
| Average Home Value | $275,369 |
Housing Distribution
Address Breakdown
Residential
261
Single Family
261
Multi-Family
0
Businesses
18
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Listed by: Stratton Havlik • Mitchell Realty LLC
Mls Name: Mitchell BOR
Mls ID: #25-472