309 High Ave NWWagnerSD57380
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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 Wagner at 309 High Ave NW, Wagner, SD, 57380 offers a 9.69% rental yield on a $179,900 purchase with $1,453/mo rent. Total monthly income registers $1,453/mo, and a $881/mo payment leaves $316/mo available for distribution. Annual cash flow reaches $3,788/yr on $59,637 to close, and return on cash invested stands at 26.26% in year one. Equity gained on principal adds $1,161/yr while 5% annual appreciation supports $49,703 over five years. Portfolio math shows five-year ROI at 137.09% and total cumulative return in cash at $81,753. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,453/mo property income against a $881/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1948
6,970 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57380, Wagner, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,180 (100%) |
| Owner Occupied HU | 677 (57.4%) |
| Renter Occupied HU | 380 (32.2%) |
| Vacant Housing Units | 123 (10.4%) |
| Median Home Value | $235,241 |
| Average Home Value | $315,358 |
Housing Distribution
Address Breakdown
Residential
539
Single Family
487
Multi-Family
52
Businesses
114
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Listed by: Mitch Breen • Hayden Outdoors Real Estate
Mls Name: My State MLS
Mls ID: #11486620