302 Cambridge AveIpswichSD57451
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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 Ipswich at 302 Cambridge Ave, Ipswich, SD, 57451 offers a 9.02% rental yield on a $324,900 purchase with $2,443/mo rent. Total monthly income registers $2,443/mo, and a $1,590/mo payment leaves $390/mo available for distribution. Annual cash flow reaches $4,680/yr on $107,704 to close, and return on cash invested stands at 24.25% in year one. Equity gained on principal adds $2,097/yr while 5% annual appreciation supports $89,764 over five years. Portfolio math shows five-year ROI at 126.36% and total cumulative return in cash at $136,097. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,443/mo property income against a $1,590/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1974
0.45 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57451, Ipswich, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,159 (100%) |
| Owner Occupied HU | 729 (62.9%) |
| Renter Occupied HU | 189 (16.3%) |
| Vacant Housing Units | 241 (20.8%) |
| Median Home Value | $293,254 |
| Average Home Value | $376,571 |
Housing Distribution
Address Breakdown
Residential
625
Single Family
625
Multi-Family
0
Businesses
87
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Listed by: Andrea Holinka • FIRST PREMIER REALTY, LLC
Mls Name: Aberdeen MLS
Mls Provider:
Mls ID: #25-305
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.