302 Main StVolinSD57072
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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 Volin at 302 Main St, Volin, SD, 57072 priced at $149,000 converts $1,220/mo rent into $279/mo cash flow after a $729/mo obligation. Total monthly income equals $1,220/mo, and annual cash flow totals $3,344/yr on $49,394 invested. Return on cash invested prints 26.68% in year one, and rental yield reads 9.83% against a $149,000 entry. Equity gained on principal adds $961/yr, while 5% annual appreciation compiles into $41,166 by year five. Five-year ROI reaches 139.36% and total cumulative return in cash sums $68,836. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,220/mo property income covering a $729/mo payment, not borrower’s personal income.
Multi Family
Built in 1982
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57072, Volin, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 266 (100%) |
| Owner Occupied HU | 208 (78.2%) |
| Renter Occupied HU | 32 (12.0%) |
| Vacant Housing Units | 26 ( 9.8%) |
| Median Home Value | $252,778 |
| Average Home Value | $292,909 |
Housing Distribution
Address Breakdown
Residential
206
Single Family
206
Multi-Family
0
Businesses
10
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Listed by: Kevin Douglas • Lewis and Clark Realty Inc.
Mls Name: Meridian AOR
Mls ID: #117064