112 Pershing AveWessington SpringsSD57382
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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 Wessington Springs at 112 Pershing Ave, Wessington Springs, SD, 57382 generates $1,843/mo in rent, after a $2,937/mo payment. Total monthly income is $1,843/mo. Return on cash invested sits at 8.21% in year one, and rental yield is 3.69% on a $600,000 entry. Equity gained on principal adds $3,872/yr, while 5% annual appreciation builds toward $165,769 over five years. Five-year ROI reaches 40.25% and total cumulative return in cash sums $79,452. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,843/mo property income rather than buyer’s personal income.
Single Family
Built in 2022
1.38 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57382, Wessington Springs, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 740 (100%) |
| Owner Occupied HU | 453 (61.2%) |
| Renter Occupied HU | 124 (16.8%) |
| Vacant Housing Units | 163 (22.0%) |
| Median Home Value | $139,063 |
| Average Home Value | $259,972 |
Housing Distribution
Address Breakdown
Residential
498
Single Family
434
Multi-Family
64
Businesses
107
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Listed by: Cheryl Weeman • Mitchell Realty LLC
Mls Name: Mitchell BOR
Mls ID: #26-3