316 Cedar AveBrookingsSD57006
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 Brookings at 316 Cedar Ave, Brookings, SD, 57006 at $269,900 posts ROI 25.78% with $437/mo cash flow from $2,143/mo rent. Total monthly income equals $2,143/mo, and annual cash flow records $5,249/yr on $89,472 to close. Return on cash invested measures 25.78% and rental yield reads 9.53% at the current $269,900. Equity gained on principal adds $1,742/yr, and 5% annual appreciation supports $74,568 by year five. Five-year ROI prints 134.5% and total cumulative return in cash totals $120,342.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,143/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1967
9,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57006, Brookings, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,948 (100%) |
| Owner Occupied HU | 5,648 (47.3%) |
| Renter Occupied HU | 4,963 (41.5%) |
| Vacant Housing Units | 1,337 (11.2%) |
| Median Home Value | $287,661 |
| Average Home Value | $318,758 |
Housing Distribution
Address Breakdown
Residential
11,158
Single Family
8,175
Multi-Family
2,983
Businesses
935
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Listed by: Alan Hess • eXp Realty
Mls Name: East Central South Dakota BOR
Mls ID: #25-222