302 E 2nd StRedfieldSD57469
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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 Redfield at 302 E 2nd St, Redfield, SD, 57469 uses $36,465 cash to close to unlock $8,223/yr annual cash flow and $685/mo monthly cash flow. Total monthly income runs $1,380/mo, and a $538/mo payment keeps the spread at $685/mo. Purchase price stands at $110,000, and rental yield measures 15.05% with $1,380/mo rent. Return on cash invested shows 42.46% in year one, and 5% annual appreciation builds toward $30,391 over five years. Five-year ROI reaches 224.04% and total cumulative return in cash records $81,696. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,380/mo property income covering a $538/mo payment rather than investor’s personal income.
Single Family
Built in 1885
6,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57469, Redfield, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,603 (100%) |
| Owner Occupied HU | 893 (55.7%) |
| Renter Occupied HU | 460 (28.7%) |
| Vacant Housing Units | 250 (15.6%) |
| Median Home Value | $157,830 |
| Average Home Value | $194,818 |
Housing Distribution
Address Breakdown
Residential
1,402
Single Family
1,218
Multi-Family
184
Businesses
182
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Listed by: Trent Osborne • Century 21 Investment Realtors
Mls Name: Aberdeen MLS
Mls Provider:
Mls ID: #25-302
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.