303 N 1st StGrotonSD57445
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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 Groton at 303 N 1st St, Groton, SD, 57445 uses $77,903 cash to close to unlock $6,254/yr annual cash flow and $521/mo monthly cash flow. Total monthly income runs $2,006/mo, and a $1,150/mo payment keeps the spread at $521/mo. Purchase price stands at $235,000, and rental yield measures 10.24% with $2,006/mo rent. Return on cash invested shows 27.94% in year one, and 5% annual appreciation builds toward $64,926 over five years. Five-year ROI reaches 146.11% and total cumulative return in cash records $113,824. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,006/mo property income covering a $1,150/mo payment rather than investor’s personal income.
Single Family
Built in 1945
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57445, Groton, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 872 (100%) |
| Owner Occupied HU | 595 (68.2%) |
| Renter Occupied HU | 190 (21.8%) |
| Vacant Housing Units | 87 ( 10.0%) |
| Median Home Value | $252,273 |
| Average Home Value | $345,248 |
Housing Distribution
Address Breakdown
Residential
639
Single Family
627
Multi-Family
12
Businesses
73
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Listed by: Nancy Jark • JARK REAL ESTATE
Mls Name: Aberdeen MLS
Mls ID: #25-414