314 S Vermont AvePlatteSD57369
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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 Platte at 314 S Vermont Ave, Platte, SD, 57369 uses $102,434 cash to close to unlock $4,016/yr annual cash flow and $335/mo monthly cash flow. Total monthly income runs $2,287/mo, and a $1,512/mo payment keeps the spread at $335/mo. Purchase price stands at $309,000, and rental yield measures 8.88% with $2,287/mo rent. Return on cash invested shows 23.83% in year one, and 5% annual appreciation builds toward $85,371 over five years. Five-year ROI reaches 124.04% and total cumulative return in cash records $127,061. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,287/mo property income covering a $1,512/mo payment rather than investor’s personal income.
Condo
Built in 2022
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57369, Platte, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,119 (100%) |
| Owner Occupied HU | 773 (69.1%) |
| Renter Occupied HU | 197 (17.6%) |
| Vacant Housing Units | 149 (13.3%) |
| Median Home Value | $229,770 |
| Average Home Value | $275,838 |
Housing Distribution
Address Breakdown
Residential
673
Single Family
646
Multi-Family
27
Businesses
160
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Listed by: Brent Veurink • Farmers National Company
Mls Name: My State MLS
Mls ID: #11184922