315 Morefield AveBalticSD57003
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 Baltic at 315 Morefield Ave, Baltic, SD, 57003 with 5% annual appreciation on a $229,900 basis while $1,617/mo rent supports operations. Total monthly income totals $1,617/mo and a $1,125/mo payment preserves $164/mo for cash returns. Annual cash flow comes to $1,973/yr on $76,212 deployed, and return on cash invested reaches 22.5% in year one. Equity gained on principal adds $1,484/yr, and five-year appreciation sums $63,517 alongside rental yield of 8.44%. Five-year ROI measures 116.94% and total cumulative return in cash totals $89,123.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,617/mo property income versus a $1,125/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1963
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57003, Baltic, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 824 (100%) |
| Owner Occupied HU | 718 (87.1%) |
| Renter Occupied HU | 84 (10.2%) |
| Vacant Housing Units | 22 ( 2.7%) |
| Median Home Value | $413,194 |
| Average Home Value | $452,705 |
Housing Distribution
Address Breakdown
Residential
713
Single Family
713
Multi-Family
0
Businesses
42
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Listed by: Cody Burggraff • Dell Rapids Realty, LLC
Mls Name: Realtor Association of the Sioux Empire
Mls ID: #22600416