120 W 9th StPlatteSD57369
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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 Platte at 120 W 9th St, Platte, SD, 57369 with 5% annual appreciation on a $385,000 basis while $1,615/mo rent supports operations. 22% in year one. Equity gained on principal adds $2,484/yr, and five-year appreciation sums $106,368 alongside rental yield of 5.03%. Five-year ROI measures 61.81% and total cumulative return in cash totals $78,886. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,615/mo property income versus a $1,884/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1973
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57369, Platte, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,119 (100%) |
| Owner Occupied HU | 773 (69.1%) |
| Renter Occupied HU | 197 (17.6%) |
| Vacant Housing Units | 149 (13.3%) |
| Median Home Value | $229,770 |
| Average Home Value | $275,838 |
Housing Distribution
Address Breakdown
Residential
673
Single Family
646
Multi-Family
27
Businesses
160
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Listed by: Jessica Tollefson • Janklow Eliason Real Estate
Mls Name: Mitchell BOR
Mls Provider:
Mls ID: #24-101
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.