24705 426th AveAlexandriaSD57311
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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 Alexandria at 24705 426th Ave, Alexandria, SD, 57311 offers a 4.12% rental yield on a $400,000 purchase with $1,372/mo rent. 45% in year one. Equity gained on principal adds $2,581/yr while 5% annual appreciation supports $110,513 over five years. Portfolio math shows five-year ROI at 46.9% and total cumulative return in cash at $62,188. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,372/mo property income against a $1,958/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1980
3 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57311, Alexandria, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 528 (100%) |
| Owner Occupied HU | 397 (75.2%) |
| Renter Occupied HU | 64 (12.1%) |
| Vacant Housing Units | 67 (12.7%) |
| Median Home Value | $210,185 |
| Average Home Value | $287,361 |
Housing Distribution
Address Breakdown
Residential
290
Single Family
282
Multi-Family
8
Businesses
33
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Listed by: Cheryl Weeman • Mitchell Realty LLC
Mls Name: Mitchell BOR
Mls ID: #25-293