216 Nesbitt DrMinaSD57451
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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 Mina at 216 Nesbitt Dr, Mina, SD, 57451 generates $2,945/mo in rent, after a $4,283/mo payment. Total monthly income is $2,945/mo. Return on cash invested sits at 9.29% in year one, and rental yield is 4.04% on a $875,000 entry. Equity gained on principal adds $5,646/yr, while 5% annual appreciation builds toward $241,746 over five years. Five-year ROI reaches 46.02% and total cumulative return in cash sums $132,479. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,945/mo property income rather than buyer’s personal income.
Single Family
Built in 1992
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57451, Ipswich, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,159 (100%) |
| Owner Occupied HU | 729 (62.9%) |
| Renter Occupied HU | 189 (16.3%) |
| Vacant Housing Units | 241 (20.8%) |
| Median Home Value | $293,254 |
| Average Home Value | $376,571 |
Housing Distribution
Address Breakdown
Residential
625
Single Family
625
Multi-Family
0
Businesses
87
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Listed by: Erica Schaeffer • FIRST PREMIER REALTY, LLC
Mls Name: Aberdeen MLS
Mls Provider:
Mls ID: #25-82
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.