240 S Alfalfa StMennoSD57045
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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 Menno at 240 S Alfalfa St, Menno, SD, 57045 priced at $299,000 converts $1,344/mo rent into after a $1,463/mo obligation. Total monthly income equals $1,344/mo. Return on cash invested prints 13.31% in year one, and rental yield reads 5.39% against a $299,000 entry. Equity gained on principal adds $1,929/yr, while 5% annual appreciation compiles into $82,608 by year five. Five-year ROI reaches 67.61% and total cumulative return in cash sums $67,018. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,344/mo property income covering a $1,463/mo payment, not borrower’s personal income.
Single Family
Built in 1989
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57045, Menno, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 484 (100%) |
| Owner Occupied HU | 344 (71.1%) |
| Renter Occupied HU | 80 (16.5%) |
| Vacant Housing Units | 60 (12.4%) |
| Median Home Value | $163,462 |
| Average Home Value | $245,400 |
Housing Distribution
Address Breakdown
Residential
298
Single Family
284
Multi-Family
14
Businesses
54
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Nearby investment properties with comparable prices
Listed by: N/A • N/A
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