309 E 2nd StElktonSD57026
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
Rental property for sale in Elkton at 309 E 2nd St, Elkton, SD, 57026 priced at $234,900 converts $1,717/mo rent into $232/mo cash flow after a $1,150/mo obligation. Total monthly income equals $1,717/mo, and annual cash flow totals $2,787/yr on $77,869 invested. Return on cash invested prints 23.49% in year one, and rental yield reads 8.77% against a $234,900 entry. Equity gained on principal adds $1,516/yr, while 5% annual appreciation compiles into $64,899 by year five. Five-year ROI reaches 122.25% and total cumulative return in cash sums $95,193. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,717/mo property income covering a $1,150/mo payment, not borrower’s personal income.
Single Family
Built in 1910
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57026, Elkton, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 584 (100%) |
| Owner Occupied HU | 404 (69.2%) |
| Renter Occupied HU | 114 (19.5%) |
| Vacant Housing Units | 66 (11.3%) |
| Median Home Value | $285,526 |
| Average Home Value | $313,849 |
Housing Distribution
Address Breakdown
Residential
435
Single Family
435
Multi-Family
0
Businesses
52
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Nearby investment properties with comparable prices
Listed by: Seth Sayler • Best Choice Real Estate
Mls Name: East Central South Dakota BOR
Mls ID: #25-38