312 E Main StElk PointSD57025
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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
Rental property for sale in Elk Point at 312 E Main St, Elk Point, SD, 57025 generates $1,614/mo in rent and, after a $930/mo payment, leaves $413/mo in cash flow. Total monthly income is $1,614/mo, and annual cash flow is $4,959/yr on $62,985 invested. Return on cash invested sits at 27.78% in year one, and rental yield is 10.19% on a $190,000 entry. Equity gained on principal adds $1,226/yr, while 5% annual appreciation builds toward $52,494 over five years. Five-year ROI reaches 145.27% and total cumulative return in cash sums $91,500. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,614/mo property income rather than buyer’s personal income.
Single Family
Built in 1916
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57025, Elk Point, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,524 (100%) |
| Owner Occupied HU | 1,083 (71.1%) |
| Renter Occupied HU | 337 (22.1%) |
| Vacant Housing Units | 104 ( 6.8%) |
| Median Home Value | $234,891 |
| Average Home Value | $248,998 |
Housing Distribution
Address Breakdown
Residential
905
Single Family
837
Multi-Family
68
Businesses
118
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Listed by: Troy Donnelly • Herrity & Associates
Mls Name: Northwest Iowa Regional BOR
Mls Provider:
Mls ID: #828424
Disclaimer: Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed.