1508 Jack Nicklaus DrElk PointSD57025
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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 Elk Point at 1508 Jack Nicklaus Dr, Elk Point, SD, 57025 with 5% annual appreciation on a $399,900 basis while $2,851/mo rent supports operations. Total monthly income totals $2,851/mo and a $1,957/mo payment preserves $236/mo for cash returns. Annual cash flow comes to $2,826/yr on $132,567 deployed, and return on cash invested reaches 22.04% in year one. Equity gained on principal adds $2,580/yr, and five-year appreciation sums $110,485 alongside rental yield of 8.56%. Five-year ROI measures 114.75% and total cumulative return in cash totals $152,120.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,851/mo property income versus a $1,957/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2016
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57025, Elk Point, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,524 (100%) |
| Owner Occupied HU | 1,083 (71.1%) |
| Renter Occupied HU | 337 (22.1%) |
| Vacant Housing Units | 104 ( 6.8%) |
| Median Home Value | $234,891 |
| Average Home Value | $248,998 |
Housing Distribution
Address Breakdown
Residential
905
Single Family
837
Multi-Family
68
Businesses
118
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Listed by: Troy Donnelly • Herrity & Associates
Mls Name: Northwest Iowa Regional BOR
Mls Provider:
Mls ID: #826814
Disclaimer: Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed.