1515 E Melgaard Rd APT 302AberdeenSD57401
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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 Aberdeen at 1515 E Melgaard Rd APT 302, Aberdeen, SD, 57401 earns from $1,186/mo rent with a $957/mo payment. Total monthly income totals $1,186/mo. ROI tracks 18.99% on current figures, and rental yield reads 7.28% at a $195,500 purchase. Equity gained on principal adds $1,262/yr, and 5% annual appreciation supports $54,013 over five years. Five-year ROI reaches 98.13% and total cumulative return in cash sums $63,599. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,186/mo property income instead of your personal income.
Condo
Built in 1994
N/A 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: Gabrielle L Person • Dakota Plains Real Estate & Development
Mls Name: Aberdeen MLS
Mls ID: #25-662