224 W 6th AveRedfieldSD57469
Nearby investment properties with comparable rents
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
Investment property for sale in Redfield at 224 W 6th Ave, Redfield, SD, 57469 at $100,000 posts ROI 23.99% with $113/mo cash flow from $775/mo rent. Total monthly income equals $775/mo, and annual cash flow records $1,354/yr on $33,150 to close. Return on cash invested measures 23.99% and rental yield reads 9.3% at the current $100,000. Equity gained on principal adds $645/yr, and 5% annual appreciation supports $27,628 by year five. Five-year ROI prints 125.3% and total cumulative return in cash totals $41,536.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $775/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1952
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57469, Redfield, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,603 (100%) |
| Owner Occupied HU | 893 (55.7%) |
| Renter Occupied HU | 460 (28.7%) |
| Vacant Housing Units | 250 (15.6%) |
| Median Home Value | $157,830 |
| Average Home Value | $194,818 |
Housing Distribution
Address Breakdown
Residential
1,402
Single Family
1,218
Multi-Family
184
Businesses
182
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Alisa Lutter • Lutter Realty Inc.
Mls Name: My State MLS
Mls ID: #11413949