15 Main StIpswichSD57451
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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 Ipswich at 15 Main St, Ipswich, SD, 57451 uses $41,438 cash to close to unlock $13,534/yr annual cash flow and $1,128/mo monthly cash flow. Total monthly income runs $1,918/mo, and a $612/mo payment keeps the spread at $1,128/mo. Purchase price stands at $125,000, and rental yield measures 18.41% with $1,918/mo rent. Return on cash invested shows 52.57% in year one, and 5% annual appreciation builds toward $34,535 over five years. Five-year ROI reaches 278.19% and total cumulative return in cash records $115,277. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,918/mo property income covering a $612/mo payment rather than investor’s personal income.
Single Family
Built in 2013
7,100 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57451, Ipswich, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,159 (100%) |
| Owner Occupied HU | 729 (62.9%) |
| Renter Occupied HU | 189 (16.3%) |
| Vacant Housing Units | 241 (20.8%) |
| Median Home Value | $293,254 |
| Average Home Value | $376,571 |
Housing Distribution
Address Breakdown
Residential
625
Single Family
625
Multi-Family
0
Businesses
87
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Listed by: Brittany A. Smart • Dakota Plains Real Estate & Development
Mls Name: Aberdeen MLS
Mls Provider:
Mls ID: #24-526
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.