2329 S Baldwin StSturgisSD57785
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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 Sturgis at 2329 S Baldwin St, Sturgis, SD, 57785 uses $112,710 cash to close to unlock $2,070/yr annual cash flow and $173/mo monthly cash flow. Total monthly income runs $2,321/mo, and a $1,664/mo payment keeps the spread at $173/mo. Purchase price stands at $340,000, and rental yield measures 8.19% with $2,321/mo rent. Return on cash invested shows 21.75% in year one, and 5% annual appreciation builds toward $93,936 over five years. Five-year ROI reaches 112.86% and total cumulative return in cash records $127,206. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,321/mo property income covering a $1,664/mo payment rather than investor’s personal income.
Single Family
Built in 1962
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57785, Sturgis, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,258 (100%) |
| Owner Occupied HU | 3,225 (61.3%) |
| Renter Occupied HU | 1,384 (26.3%) |
| Vacant Housing Units | 649 (12.3%) |
| Median Home Value | $320,252 |
| Average Home Value | $346,612 |
Housing Distribution
Address Breakdown
Residential
4,645
Single Family
4,210
Multi-Family
435
Businesses
509
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Listed by: Mark R Williams • The Real Estate Center of Sturgis
Mls Name: Mount Rushmore Area AOR
Mls ID: #85371