2501 Larkspur Ridge DrBrookingsSD57006
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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 Brookings at 2501 Larkspur Ridge Dr, Brookings, SD, 57006 offers $2,689/mo rent that, after a $1,713/mo payment, leaves $477/mo cash flow. Total monthly income is $2,689/mo, and annual cash flow is $5,729/yr on $115,992 cash. Return on cash invested measures 24.85% in year one, and rental yield stands at 9.22% at a $349,900 entry. Equity gained on principal adds $2,258/yr while 5% annual appreciation compounds into $96,671 by year five. Five-year ROI records 129.52% and total cumulative return in cash reaches $150,234. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,689/mo property income versus a $1,713/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2015
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57006, Brookings, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,948 (100%) |
| Owner Occupied HU | 5,648 (47.3%) |
| Renter Occupied HU | 4,963 (41.5%) |
| Vacant Housing Units | 1,337 (11.2%) |
| Median Home Value | $287,661 |
| Average Home Value | $318,758 |
Housing Distribution
Address Breakdown
Residential
11,158
Single Family
8,175
Multi-Family
2,983
Businesses
935
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Listed by: Seth Sayler • Best Choice Real Estate
Mls Name: East Central South Dakota BOR
Mls ID: #25-4