303 State Ave NWessington SpringsSD57382
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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 Wessington Springs at 303 State Ave N, Wessington Springs, SD, 57382 priced at $125,000 converts $953/mo rent into $163/mo cash flow after a $612/mo obligation. Total monthly income equals $953/mo, and annual cash flow totals $1,954/yr on $41,438 invested. Return on cash invested prints 24.63% in year one, and rental yield reads 9.15% against a $125,000 entry. Equity gained on principal adds $807/yr, while 5% annual appreciation compiles into $34,535 by year five. Five-year ROI reaches 128.33% and total cumulative return in cash sums $53,177. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $953/mo property income covering a $612/mo payment, not borrower’s personal income.
Single Family
Built in 1907
8,541 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57382, Wessington Springs, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 740 (100%) |
| Owner Occupied HU | 453 (61.2%) |
| Renter Occupied HU | 124 (16.8%) |
| Vacant Housing Units | 163 (22.0%) |
| Median Home Value | $139,063 |
| Average Home Value | $259,972 |
Housing Distribution
Address Breakdown
Residential
498
Single Family
434
Multi-Family
64
Businesses
107
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Listed by: Stratton Havlik • Mitchell Realty LLC
Mls Name: Mitchell BOR
Mls ID: #26-5