318 E 3rd AveMount VernonSD57363
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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 Mount Vernon at 318 E 3rd Ave, Mount Vernon, SD, 57363 offers a 9.02% rental yield on a $139,000 purchase with $1,045/mo rent. Total monthly income registers $1,045/mo, and a $680/mo payment leaves $167/mo available for distribution. Annual cash flow reaches $2,003/yr on $46,079 to close, and return on cash invested stands at 24.26% in year one. Equity gained on principal adds $897/yr while 5% annual appreciation supports $38,403 over five years. Portfolio math shows five-year ROI at 126.32% and total cumulative return in cash at $58,208. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,045/mo property income against a $680/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 1996
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57363, Mount Vernon, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 410 (100%) |
| Owner Occupied HU | 291 (71.0%) |
| Renter Occupied HU | 84 (20.5%) |
| Vacant Housing Units | 35 ( 8.5%) |
| Median Home Value | $213,393 |
| Average Home Value | $275,369 |
Housing Distribution
Address Breakdown
Residential
261
Single Family
261
Multi-Family
0
Businesses
18
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Listed by: Craig W Tischler • Mitchell Realty LLC
Mls Name: Mitchell BOR
Mls Provider:
Mls ID: #25-16
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.