2012 Rio Grand AveBrookingsSD57006
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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 Brookings at 2012 Rio Grand Ave, Brookings, SD, 57006 with 5% annual appreciation on a $228,000 basis while $1,561/mo rent supports operations. Total monthly income totals $1,561/mo and a $1,116/mo payment preserves $120/mo for cash returns. Annual cash flow comes to $1,441/yr on $75,582 deployed, and return on cash invested reaches 21.82% in year one. Equity gained on principal adds $1,471/yr, and five-year appreciation sums $62,992 alongside rental yield of 8.22%. Five-year ROI measures 113.3% and total cumulative return in cash totals $85,635.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,561/mo property income versus a $1,116/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2009
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57006, Brookings, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,948 (100%) |
| Owner Occupied HU | 5,648 (47.3%) |
| Renter Occupied HU | 4,963 (41.5%) |
| Vacant Housing Units | 1,337 (11.2%) |
| Median Home Value | $287,661 |
| Average Home Value | $318,758 |
Housing Distribution
Address Breakdown
Residential
11,158
Single Family
8,175
Multi-Family
2,983
Businesses
935
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