305 S 5th StMilbankSD57252
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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 Milbank at 305 S 5th St, Milbank, SD, 57252 priced at $200,000 converts $1,450/mo rent into $186/mo cash flow after a $979/mo obligation. Total monthly income equals $1,450/mo, and annual cash flow totals $2,232/yr on $66,300 invested. Return on cash invested prints 23.28% in year one, and rental yield reads 8.7% against a $200,000 entry. Equity gained on principal adds $1,291/yr, while 5% annual appreciation compiles into $55,256 by year five. Five-year ROI reaches 121.06% and total cumulative return in cash sums $80,264. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,450/mo property income covering a $979/mo payment, not borrower’s personal income.
Multi Family
Built in 1949
0.53 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57252, Milbank, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,261 (100%) |
| Owner Occupied HU | 1,505 (66.6%) |
| Renter Occupied HU | 562 (24.9%) |
| Vacant Housing Units | 194 ( 8.6%) |
| Median Home Value | $192,841 |
| Average Home Value | $239,870 |
Housing Distribution
Address Breakdown
Residential
2,184
Single Family
1,876
Multi-Family
308
Businesses
300
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Listed by: Brandon Peery • 203 Realty
Mls Name: Northeast South Dakota BOR
Mls ID: #35-618
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.