309 Eastern Ave SBrookingsSD57006
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
Investment property for sale in Brookings at 309 Eastern Ave S, Brookings, SD, 57006 offers a 11.99% rental yield on a $199,900 purchase with $1,997/mo rent. Total monthly income registers $1,997/mo, and a $978/mo payment leaves $734/mo available for distribution. Annual cash flow reaches $8,810/yr on $66,267 to close, and return on cash invested stands at 33.2% in year one. Equity gained on principal adds $1,290/yr while 5% annual appreciation supports $55,229 over five years. Portfolio math shows five-year ROI at 174.37% and total cumulative return in cash at $115,549. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,997/mo property income against a $978/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1962
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57006, Brookings, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,948 (100%) |
| Owner Occupied HU | 5,648 (47.3%) |
| Renter Occupied HU | 4,963 (41.5%) |
| Vacant Housing Units | 1,337 (11.2%) |
| Median Home Value | $287,661 |
| Average Home Value | $318,758 |
Housing Distribution
Address Breakdown
Residential
11,158
Single Family
8,175
Multi-Family
2,983
Businesses
935
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: KARLA J DAGEL • RED DOOR REALTY
Mls Name: Northeast South Dakota BOR
Mls ID: #39-204