303 S Pearl StElk PointSD57025
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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 Elk Point at 303 S Pearl St, Elk Point, SD, 57025 offers a 8.56% rental yield on a $169,950 purchase with $1,213/mo rent. Total monthly income registers $1,213/mo, and a $832/mo payment leaves $104/mo available for distribution. Annual cash flow reaches $1,253/yr on $56,338 to close, and return on cash invested stands at 22.13% in year one. Equity gained on principal adds $1,097/yr while 5% annual appreciation supports $46,954 over five years. Portfolio math shows five-year ROI at 115.24% and total cumulative return in cash at $64,925. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,213/mo property income against a $832/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 2008
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57025, Elk Point, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,524 (100%) |
| Owner Occupied HU | 1,083 (71.1%) |
| Renter Occupied HU | 337 (22.1%) |
| Vacant Housing Units | 104 ( 6.8%) |
| Median Home Value | $234,891 |
| Average Home Value | $248,998 |
Housing Distribution
Address Breakdown
Residential
905
Single Family
837
Multi-Family
68
Businesses
118
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Listed by: Barbie Albenesius • Century 21 ProLink
Mls Name: Northwest Iowa Regional BOR
Mls Provider:
Mls ID: #825716
Disclaimer: Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed.