304 Pelican DrElktonSD57026
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Nearby investment properties with comparable prices
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 Pelican Dr, Elkton, SD, 57026 at $214,900 posts ROI 20.21% with $18/mo cash flow from $1,376/mo rent. Total monthly income equals $1,376/mo, and annual cash flow records $213/yr on $71,239 to close. Return on cash invested measures 20.21% and rental yield reads 7.68% at the current $214,900. Equity gained on principal adds $1,387/yr, and 5% annual appreciation supports $59,373 by year five. Five-year ROI prints 104.63% and total cumulative return in cash totals $74,538.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,376/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1900
0.40 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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Nearby investment properties with comparable prices
Listed by: Jeff Pitts • Century 21 Krogman & Company
Mls Name: East Central South Dakota BOR
Mls ID: #25-395