314 8th StSpringfieldSD57062
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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 Springfield at 314 8th St, Springfield, SD, 57062 generates $1,813/mo in rent, after a $1,762/mo payment. Total monthly income is $1,813/mo. Return on cash invested sits at 15.26% in year one, and rental yield is 6.04% on a $360,000 entry. Equity gained on principal adds $2,323/yr, while 5% annual appreciation builds toward $99,461 over five years. Five-year ROI reaches 78.08% and total cumulative return in cash sums $93,177. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,813/mo property income rather than buyer’s personal income.
Single Family
Built in 1973
0.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57062, Springfield, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 642 (100%) |
| Owner Occupied HU | 387 (60.3%) |
| Renter Occupied HU | 113 (17.6%) |
| Vacant Housing Units | 142 (22.1%) |
| Median Home Value | $176,786 |
| Average Home Value | $223,747 |
Housing Distribution
Address Breakdown
Residential
392
Single Family
392
Multi-Family
0
Businesses
36
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Listed by: Jolene Green • Century 21 Professional Real Estate
Mls Name: Meridian AOR
Mls ID: #116947