31735 State Highway 37SpringfieldSD57062
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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 Springfield at 31735 State Highway 37, Springfield, SD, 57062 projects strong ROI of -2.32%. Rental yield 0.23%. With 5% annual appreciation, the property builds $1,381,408 in value over five years. You can finance this property with Ziffy Mortgage’s DSCR loan, which leverages the property’s income for qualification rather than your personal income.
Single Family
Built in 1968
29.21 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57062, Springfield, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 642 (100%) |
| Owner Occupied HU | 387 (60.3%) |
| Renter Occupied HU | 113 (17.6%) |
| Vacant Housing Units | 142 (22.1%) |
| Median Home Value | $176,786 |
| Average Home Value | $223,747 |
Housing Distribution
Address Breakdown
Residential
392
Single Family
392
Multi-Family
0
Businesses
36
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
No similar price properties found nearby.
Listed by: Cody Peterson • Peterson Auctioneers
Mls Name: My State MLS
Mls ID: #11545370