24789 416th AveFultonSD57340
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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 Fulton at 24789 416th Ave, Fulton, SD, 57340 generates $1,622/mo in rent, after a $3,181/mo payment. Total monthly income is $1,622/mo. Return on cash invested sits at 6.11% in year one, and rental yield is 2.99% on a $650,000 entry. Equity gained on principal adds $4,194/yr, while 5% annual appreciation builds toward $179,583 over five years. Five-year ROI reaches 29.01% and total cumulative return in cash sums $62,030. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,622/mo property income rather than buyer’s personal income.
Single Family
Built in 1966
12.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57340, Fulton, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 140 (100%) |
| Owner Occupied HU | 113 (80.7%) |
| Renter Occupied HU | 17 (12.1%) |
| Vacant Housing Units | 10 ( 7.1%) |
| Median Home Value | $256,250 |
| Average Home Value | $350,199 |
Housing Distribution
Address Breakdown
Residential
95
Single Family
95
Multi-Family
0
Businesses
2
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Listed by: Cindy L Hockett-Sommervold • The Experience Real Estate, Inc
Mls Name: Mitchell BOR
Mls Provider:
Mls ID: #25-282
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.