304 E Main StWoonsocketSD57385
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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 Woonsocket at 304 E Main St, Woonsocket, SD, 57385 generates $840/mo in rent, after a $690/mo payment. Total monthly income is $840/mo. Return on cash invested sits at 18.6% in year one, and rental yield is 7.15% on a $141,000 entry. Equity gained on principal adds $910/yr, while 5% annual appreciation builds toward $38,956 over five years. Five-year ROI reaches 96.1% and total cumulative return in cash sums $44,916. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $840/mo property income rather than buyer’s personal income.
Single Family
Built in 1950
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57385, Woonsocket, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 627 (100%) |
| Owner Occupied HU | 411 (65.6%) |
| Renter Occupied HU | 104 (16.6%) |
| Vacant Housing Units | 112 (17.9%) |
| Median Home Value | $130,288 |
| Average Home Value | $199,915 |
Housing Distribution
Address Breakdown
Residential
391
Single Family
362
Multi-Family
29
Businesses
59
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Listed by: Don J O'Donnell • EXIT Realty Sioux Empire
Mls Name: Realtor Association of the Sioux Empire
Mls ID: #22506474