19905 440th AveErwinSD57233
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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 Erwin at 19905 440th Ave, Erwin, SD, 57233 generates $2,819/mo in rent, after a $3,279/mo payment. Total monthly income is $2,819/mo. Return on cash invested sits at 12.36% in year one, and rental yield is 5.05% on a $669,900 entry. Equity gained on principal adds $4,323/yr, while 5% annual appreciation builds toward $185,081 over five years. Five-year ROI reaches 62.5% and total cumulative return in cash sums $137,745. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,819/mo property income rather than buyer’s personal income.
Single Family
Built in 1896
28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57233, Erwin, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 74 (100%) |
| Owner Occupied HU | 47 (63.5%) |
| Renter Occupied HU | 14 (18.9%) |
| Vacant Housing Units | 13 (17.6%) |
| Median Home Value | $275,000 |
| Average Home Value | $363,085 |
Housing Distribution
Address Breakdown
Residential
69
Single Family
69
Multi-Family
0
Businesses
3
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Listed by: Kelan Bludorn • Best Choice Real Estate
Mls Name: East Central South Dakota BOR
Mls ID: #24-93