316 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 316 S Vermont Ave, Platte, SD, 57369 listed at $369,000 pairs $888/mo rent with a $1,806/mo payment. Total monthly income runs $888/mo. Return on cash invested measures 4.27% in year one, and rental yield registers 2.89% at a $369,000 basis. Equity gained on principal adds $2,381/yr, and annual property appreciation at 5% supports $101,948 by year five. Five-year ROI tracks 19.73% and total cumulative return in cash totals $24,135. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $888/mo property income relative to a $1,806/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2022
N/A lot
$N/A/sqft
$150 monthly 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: #11184952