305 S Louise AveWorthingSD57077
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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 Worthing at 305 S Louise Ave, Worthing, SD, 57077 priced at $215,000 converts $1,500/mo rent into $142/mo cash flow after a $1,052/mo obligation. Total monthly income equals $1,500/mo, and annual cash flow totals $1,699/yr on $71,273 invested. Return on cash invested prints 22.29% in year one, and rental yield reads 8.37% against a $215,000 entry. Equity gained on principal adds $1,387/yr, while 5% annual appreciation compiles into $59,401 by year five. Five-year ROI reaches 115.81% and total cumulative return in cash sums $82,537. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,500/mo property income covering a $1,052/mo payment, not borrower’s personal income.
Single Family
Built in 1910
0.68 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57077, Worthing, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 542 (100%) |
| Owner Occupied HU | 479 (88.4%) |
| Renter Occupied HU | 46 ( 8.5%) |
| Vacant Housing Units | 17 ( 3.1%) |
| Median Home Value | $330,729 |
| Average Home Value | $404,880 |
Housing Distribution
Address Breakdown
Residential
414
Single Family
414
Multi-Family
0
Businesses
45
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