305 E Main StCastlewoodSD57223
Nearby investment properties with comparable rents
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 Castlewood at 305 E Main St, Castlewood, SD, 57223 earns $1,296/mo cash flow from $2,686/mo rent with a $1,077/mo payment. Total monthly income totals $2,686/mo, and annual cash flow totals $15,546/yr on $72,930 capital. ROI tracks 41.23% on current figures, and rental yield reads 14.65% at a $220,000 purchase. Equity gained on principal adds $1,420/yr, and 5% annual appreciation supports $60,782 over five years. Five-year ROI reaches 217.34% and total cumulative return in cash sums $158,507. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,686/mo property income instead of your personal income.
Single Family
Built in 1921
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57223, Castlewood, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 597 (100%) |
| Owner Occupied HU | 441 (73.9%) |
| Renter Occupied HU | 103 (17.3%) |
| Vacant Housing Units | 53 ( 8.9%) |
| Median Home Value | $256,325 |
| Average Home Value | $315,743 |
Housing Distribution
Address Breakdown
Residential
410
Single Family
410
Multi-Family
0
Businesses
43
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: FOR SALE BY OWNER • NON-MEMBER AGENCY
Mls Name: Northeast South Dakota BOR
Mls ID: #98-221
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.