313 E 2nd StRedfieldSD57469
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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 Redfield at 313 E 2nd St, Redfield, SD, 57469 uses $43,095 cash to close to unlock $2,193/yr annual cash flow and $183/mo monthly cash flow. Total monthly income runs $1,004/mo, and a $636/mo payment keeps the spread at $183/mo. Purchase price stands at $130,000, and rental yield measures 9.27% with $1,004/mo rent. Return on cash invested shows 25% in year one, and 5% annual appreciation builds toward $35,917 over five years. Five-year ROI reaches 130.32% and total cumulative return in cash records $56,163. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,004/mo property income covering a $636/mo payment rather than investor’s personal income.
Single Family
Built in 1901
7,500 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57469, Redfield, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,603 (100%) |
| Owner Occupied HU | 893 (55.7%) |
| Renter Occupied HU | 460 (28.7%) |
| Vacant Housing Units | 250 (15.6%) |
| Median Home Value | $157,830 |
| Average Home Value | $194,818 |
Housing Distribution
Address Breakdown
Residential
1,402
Single Family
1,218
Multi-Family
184
Businesses
182
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Listed by: Alisa Lutter • Lutter Realty Inc.
Mls Name: My State MLS
Mls ID: #11496686