306 Minnesota AveGeddesSD57342
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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 Geddes at 306 Minnesota Ave, Geddes, SD, 57342 with 5% annual appreciation on a $249,000 basis while $846/mo rent supports operations. 33% in year one. Equity gained on principal adds $1,607/yr, and five-year appreciation sums $68,794 alongside rental yield of 4.08%. Five-year ROI measures 46.33% and total cumulative return in cash totals $38,240. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $846/mo property income versus a $1,219/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Manufactured
Built in 1996
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57342, Geddes, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 274 (100%) |
| Owner Occupied HU | 178 (65.0%) |
| Renter Occupied HU | 29 (10.6%) |
| Vacant Housing Units | 67 (24.5%) |
| Median Home Value | $247,059 |
| Average Home Value | $344,228 |
Housing Distribution
Address Breakdown
Residential
201
Single Family
201
Multi-Family
0
Businesses
17
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Listed by: Brent Veurink • Farmers National Company
Mls Name: My State MLS
Mls ID: #11617873