241 Florida StCentervilleSD57014
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
Rental property for sale in Centerville at 241 Florida St, Centerville, SD, 57014 priced at $160,000 converts $1,540/mo rent into $529/mo cash flow after a $783/mo obligation. Total monthly income equals $1,540/mo, and annual cash flow totals $6,348/yr on $53,040 invested. Return on cash invested prints 31.88% in year one, and rental yield reads 11.55% against a $160,000 entry. Equity gained on principal adds $1,032/yr, while 5% annual appreciation compiles into $44,205 by year five. Five-year ROI reaches 167.17% and total cumulative return in cash sums $88,670. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,540/mo property income covering a $783/mo payment, not borrower’s personal income.
Single Family
Built in 1909
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57014, Centerville, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 711 (100%) |
| Owner Occupied HU | 509 (71.6%) |
| Renter Occupied HU | 128 (18.0%) |
| Vacant Housing Units | 74 (10.4%) |
| Median Home Value | $257,721 |
| Average Home Value | $270,074 |
Housing Distribution
Address Breakdown
Residential
523
Single Family
515
Multi-Family
8
Businesses
48
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Melissa M DeNeui • Berkshire Hathaway HomeServices Midwest Realty - Sioux Falls
Mls Name: Realtor Association of the Sioux Empire
Mls Provider:
Mls ID: #22505554
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the REALTOR Association of the Sioux Empire, Inc., Multiple Listing Service. Real estate listings held by brokerage firms other than Zillow, Inc. are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Information is deemed reliable but not guaranteed. Copyright 2025 REALTOR Association of the Sioux Empire, Inc., Inc. Multiple Listing Service. All rights reserved.