1515 E Melgaard Rd APT 204AberdeenSD57401
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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
Total monthly income runs $1,186/mo, and a $950/mo payment. Purchase price stands at $194,000, and rental yield measures 7.34% with $1,186/mo rent. Return on cash invested shows 14.96% in year one, and 5% annual appreciation builds toward $53,599 over five years. Five-year ROI reaches 78.01% and total cumulative return in cash records $50,168. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,186/mo property income covering a $950/mo payment rather than investor’s personal income.
Condo
Built in 1994
N/A lot
$N/A/sqft
$225 monthly 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: N/A • N/A
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Mls ID: #N/A