231 W Washington AveSalemSD57058
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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 Salem at 231 W Washington Ave, Salem, SD, 57058 priced at $100,000 pairs $587/mo rent with after a $489/mo payment. Total monthly income equals $587/mo. Return on cash invested is 18.3% in year one, and rental yield stands at 7.04% on a $100,000 basis. Equity gained on principal adds $645/yr, and 5% annual appreciation accumulates to $27,628 by year five. Five-year ROI measures 94.49% and total cumulative return in cash reaches $31,324. For financing, Ziffy Mortgage’s DSCR program evaluates $587/mo property income against a $489/mo payment instead of your W2s, 1099s, or Tax returns.
Manufactured
Built in 1991
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57058, Salem, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 915 (100%) |
| Owner Occupied HU | 619 (67.7%) |
| Renter Occupied HU | 190 (20.8%) |
| Vacant Housing Units | 106 (11.6%) |
| Median Home Value | $233,214 |
| Average Home Value | $291,951 |
Housing Distribution
Address Breakdown
Residential
626
Single Family
544
Multi-Family
82
Businesses
102
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Listed by: Michelle R Fox • Bonafide Real Estate LLC
Mls Name: Realtor Association of the Sioux Empire
Mls ID: #22600142