305 N Main StMount 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 305 N Main St, Mount Vernon, SD, 57363 earns $182/mo cash flow from $909/mo rent with a $563/mo payment. Total monthly income totals $909/mo, and annual cash flow totals $2,186/yr on $38,123 capital. ROI tracks 25.64% on current figures, and rental yield reads 9.49% at a $115,000 purchase. Equity gained on principal adds $742/yr, and 5% annual appreciation supports $31,772 over five years. Five-year ROI reaches 133.9% and total cumulative return in cash sums $51,045. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $909/mo property income instead of your personal income.
Single Family
Built in 1900
0.33 Acres 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: DEANNA HETLAND • Ace Realty, LLC
Mls Name: Mitchell BOR
Mls ID: #25-464