1417 Main St.FaulktonSD57438
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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 Faulkton at 1417 Main St, Faulkton, SD, 57438 uses $41,272 cash to close to unlock $4,243/yr annual cash flow and $354/mo monthly cash flow. Total monthly income runs $1,140/mo, and a $609/mo payment keeps the spread at $354/mo. Purchase price stands at $124,500, and rental yield measures 10.99% with $1,140/mo rent. Return on cash invested shows 30.19% in year one, and 5% annual appreciation builds toward $34,397 over five years. Five-year ROI reaches 158.18% and total cumulative return in cash records $65,284. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,140/mo property income covering a $609/mo payment rather than investor’s personal income.
Single Family
Built in 2005
8,189 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57438, Faulkton, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 601 (100%) |
| Owner Occupied HU | 352 (58.6%) |
| Renter Occupied HU | 100 (16.6%) |
| Vacant Housing Units | 149 (24.8%) |
| Median Home Value | $168,500 |
| Average Home Value | $244,574 |
Housing Distribution
Address Breakdown
Residential
268
Single Family
253
Multi-Family
15
Businesses
81
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Listed by: Ashton Davis • Jency Realty Company
Mls Name: Aberdeen MLS
Mls Provider:
Mls ID: #24-540
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.