304 Kelsey StElktonSD57026
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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 Elkton at 304 Kelsey St, Elkton, SD, 57026 uses $44,719 cash to close to unlock $2,421/yr annual cash flow and $202/mo monthly cash flow. Total monthly income runs $1,054/mo, and a $660/mo payment keeps the spread at $202/mo. Purchase price stands at $134,900, and rental yield measures 9.38% with $1,054/mo rent. Return on cash invested shows 25.32% in year one, and 5% annual appreciation builds toward $37,270 over five years. Five-year ROI reaches 132.06% and total cumulative return in cash records $59,057. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,054/mo property income covering a $660/mo payment rather than investor’s personal income.
Single Family
Built in 2004
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57026, Elkton, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 584 (100%) |
| Owner Occupied HU | 404 (69.2%) |
| Renter Occupied HU | 114 (19.5%) |
| Vacant Housing Units | 66 (11.3%) |
| Median Home Value | $285,526 |
| Average Home Value | $313,849 |
Housing Distribution
Address Breakdown
Residential
435
Single Family
435
Multi-Family
0
Businesses
52
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Listed by: Arlo D Jurrens • Century 21 Krogman & Company
Mls Name: East Central South Dakota BOR
Mls ID: #25-676