1515 E Melgaard RdAberdeenSD57401
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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
Rental property for sale in Aberdeen at 1515 E Melgaard Rd, Aberdeen, SD, 57401 priced at $210,000 pairs $1,680/mo rent with $353/mo cash flow after a $1,028/mo payment. Total monthly income equals $1,680/mo, and annual cash flow comes to $4,233/yr on $69,615 invested. Return on cash invested is 25.99% in year one, and rental yield stands at 9.6% on a $210,000 basis. Equity gained on principal adds $1,355/yr, and 5% annual appreciation accumulates to $58,019 by year five. Five-year ROI measures 135.65% and total cumulative return in cash reaches $94,432. For financing, Ziffy Mortgage’s DSCR program evaluates $1,680/mo property income against a $1,028/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1994
1.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57401, Aberdeen, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,256 (100%) |
| Owner Occupied HU | 8,448 (55.4%) |
| Renter Occupied HU | 5,349 (35.1%) |
| Vacant Housing Units | 1,459 ( 9.6%) |
| Median Home Value | $272,732 |
| Average Home Value | $316,937 |
Housing Distribution
Address Breakdown
Residential
14,624
Single Family
11,282
Multi-Family
3,342
Businesses
1,209
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Listed by: Abbie Franks • The Experience Real Estate
Mls Name: Aberdeen MLS
Mls Provider:
Mls ID: #25-102
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.