211 Barrett Ave SWessington SpringsSD57382
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Nearby investment properties with comparable prices
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 Wessington Springs at 211 Barrett Ave S, Wessington Springs, SD, 57382 generates $1,632/mo in rent and, after a $627/mo payment, leaves $824/mo in cash flow. Total monthly income is $1,632/mo, and annual cash flow is $9,883/yr on $42,432 invested. Return on cash invested sits at 43.2% in year one, and rental yield is 15.3% on a $128,000 entry. Equity gained on principal adds $826/yr, while 5% annual appreciation builds toward $35,364 over five years. Five-year ROI reaches 227.94% and total cumulative return in cash sums $96,719. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,632/mo property income rather than buyer’s personal income.
Single Family
Built in 1910
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57382, Wessington Springs, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 740 (100%) |
| Owner Occupied HU | 453 (61.2%) |
| Renter Occupied HU | 124 (16.8%) |
| Vacant Housing Units | 163 (22.0%) |
| Median Home Value | $139,063 |
| Average Home Value | $259,972 |
Housing Distribution
Address Breakdown
Residential
498
Single Family
434
Multi-Family
64
Businesses
107
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Listed by: Brandon Kogel • Keller Williams Realty Sioux Falls
Mls Name: Realtor Association of the Sioux Empire
Mls Provider:
Mls ID: #22504178
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