309 N 2nd StGrotonSD57445
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 Groton at 309 N 2nd St, Groton, SD, 57445 at $149,900 posts ROI 25.83% with $245/mo cash flow from $1,193/mo rent. Total monthly income equals $1,193/mo, and annual cash flow records $2,945/yr on $49,692 to close. Return on cash invested measures 25.83% and rental yield reads 9.55% at the current $149,900. Equity gained on principal adds $967/yr, and 5% annual appreciation supports $41,415 by year five. Five-year ROI prints 134.87% and total cumulative return in cash totals $67,019.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,193/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1882
9,230 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57445, Groton, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 872 (100%) |
| Owner Occupied HU | 595 (68.2%) |
| Renter Occupied HU | 190 (21.8%) |
| Vacant Housing Units | 87 ( 10.0%) |
| Median Home Value | $252,273 |
| Average Home Value | $345,248 |
Housing Distribution
Address Breakdown
Residential
639
Single Family
627
Multi-Family
12
Businesses
73
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Nearby investment properties with comparable prices
Listed by: Tara Hill • The Experience Real Estate
Mls Name: Aberdeen MLS
Mls Provider:
Mls ID: #25-634
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.