24466 393rd AveMount VernonSD57363
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 Mount Vernon at 24466 393rd Ave, Mount Vernon, SD, 57363 offers a 5.21% rental yield on a $231,000 purchase with $1,003/mo rent. 74% in year one. Equity gained on principal adds $1,491/yr while 5% annual appreciation supports $63,821 over five years. Portfolio math shows five-year ROI at 64.59% and total cumulative return in cash at $49,461. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,003/mo property income against a $1,131/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1917
13.60 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57363, Mount Vernon, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 410 (100%) |
| Owner Occupied HU | 291 (71.0%) |
| Renter Occupied HU | 84 (20.5%) |
| Vacant Housing Units | 35 ( 8.5%) |
| Median Home Value | $213,393 |
| Average Home Value | $275,369 |
Housing Distribution
Address Breakdown
Residential
261
Single Family
261
Multi-Family
0
Businesses
18
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jeri Mickelson • Mitchell Realty LLC
Mls Name: Mitchell BOR
Mls ID: #25-540