304 E 3rd AveMount VernonSD57363
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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 Mount Vernon at 304 E 3rd Ave, Mount Vernon, SD, 57363 listed at $126,000 pairs $963/mo rent with a $617/mo payment to leave $166/mo cash flow. Total monthly income runs $963/mo, and annual cash flow reaches $1,997/yr on $41,769 cash to close. Return on cash invested measures 24.69% in year one, and rental yield registers 9.17% at a $126,000 basis. Equity gained on principal adds $813/yr, and annual property appreciation at 5% supports $34,811 by year five. Five-year ROI tracks 128.75% and total cumulative return in cash totals $53,779. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $963/mo property income relative to a $617/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1920
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57363, Mount Vernon, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 410 (100%) |
| Owner Occupied HU | 291 (71.0%) |
| Renter Occupied HU | 84 (20.5%) |
| Vacant Housing Units | 35 ( 8.5%) |
| Median Home Value | $213,393 |
| Average Home Value | $275,369 |
Housing Distribution
Address Breakdown
Residential
261
Single Family
261
Multi-Family
0
Businesses
18
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Listed by: Tim Moon • The Experience Real Estate, Inc
Mls Name: Mitchell BOR
Mls ID: #25-538