1262 23rd HwyGarretsonSD57030
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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 Garretson at 1262 23rd Hwy, Garretson, SD, 57030 listed at $199,000 pairs $1,920/mo rent with a $974/mo payment to leave $662/mo cash flow. Total monthly income runs $1,920/mo, and annual cash flow reaches $7,949/yr on $65,969 cash to close. Return on cash invested measures 31.96% in year one, and rental yield registers 11.58% at a $199,000 basis. Equity gained on principal adds $1,284/yr, and annual property appreciation at 5% supports $54,980 by year five. Five-year ROI tracks 167.67% and total cumulative return in cash totals $110,610. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,920/mo property income relative to a $974/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1902
6.67 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57030, Garretson, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,255 (100%) |
| Owner Occupied HU | 1,023 (81.5%) |
| Renter Occupied HU | 162 (12.9%) |
| Vacant Housing Units | 70 ( 5.6%) |
| Median Home Value | $413,202 |
| Average Home Value | $478,326 |
Housing Distribution
Address Breakdown
Residential
1,054
Single Family
1,038
Multi-Family
16
Businesses
66
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Listed by: Greg T Doohen • Keller Williams Realty Sioux Falls
Mls Name: Realtor Association of the Sioux Empire
Mls ID: #22509002