316 Best Point DrMadisonSD57042
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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 Madison at 316 Best Point Dr, Madison, SD, 57042 offers $1,320/mo rent that, after a $3,108/mo payment. Total monthly income is $1,320/mo. Return on cash invested measures 4.59% in year one, and rental yield stands at 2.49% at a $635,000 entry. Equity gained on principal adds $4,098/yr while 5% annual appreciation compounds into $175,439 by year five. Five-year ROI records 20.87% and total cumulative return in cash reaches $43,592. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,320/mo property income versus a $3,108/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1945
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57042, Madison, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,815 (100%) |
| Owner Occupied HU | 2,199 (57.6%) |
| Renter Occupied HU | 1,148 (30.1%) |
| Vacant Housing Units | 468 (12.3%) |
| Median Home Value | $220,717 |
| Average Home Value | $283,514 |
Housing Distribution
Address Breakdown
Residential
3,797
Single Family
3,369
Multi-Family
428
Businesses
377
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Listed by: Justin J Garry • Hegg, REALTORS
Mls Name: Realtor Association of the Sioux Empire
Mls ID: #22506188