302 E Commerce StPlankintonSD57368
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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 Plankinton at 302 E Commerce St, Plankinton, SD, 57368 priced at $200,000 pairs $1,178/mo rent with after a $979/mo payment. Total monthly income equals $1,178/mo. Return on cash invested is 18.35% in year one, and rental yield stands at 7.07% on a $200,000 basis. Equity gained on principal adds $1,291/yr, and 5% annual appreciation accumulates to $55,256 by year five. Five-year ROI measures 94.65% and total cumulative return in cash reaches $62,756. For financing, Ziffy Mortgage’s DSCR program evaluates $1,178/mo property income against a $979/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1967
10,650 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57368, Plankinton, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 538 (100%) |
| Owner Occupied HU | 352 (65.4%) |
| Renter Occupied HU | 124 (23.0%) |
| Vacant Housing Units | 62 (11.5%) |
| Median Home Value | $170,652 |
| Average Home Value | $240,426 |
Housing Distribution
Address Breakdown
Residential
307
Single Family
307
Multi-Family
0
Businesses
53
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Listed by: Colleen Hunt • Mitchell Realty LLC
Mls Name: Mitchell BOR
Mls Provider:
Mls ID: #24-402
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.