318 Elm AveBalticSD57003
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
Rental property for sale in Baltic at 318 Elm Ave, Baltic, SD, 57003 priced at $289,900 pairs $2,400/mo rent with $568/mo cash flow after a $1,419/mo payment. Total monthly income equals $2,400/mo, and annual cash flow comes to $6,815/yr on $96,102 invested. Return on cash invested is 27% in year one, and rental yield stands at 9.93% on a $289,900 basis. Equity gained on principal adds $1,871/yr, and 5% annual appreciation accumulates to $80,094 by year five. Five-year ROI measures 141.03% and total cumulative return in cash reaches $135,537. For financing, Ziffy Mortgage’s DSCR program evaluates $2,400/mo property income against a $1,419/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1978
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57003, Baltic, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 824 (100%) |
| Owner Occupied HU | 718 (87.1%) |
| Renter Occupied HU | 84 (10.2%) |
| Vacant Housing Units | 22 ( 2.7%) |
| Median Home Value | $413,194 |
| Average Home Value | $452,705 |
Housing Distribution
Address Breakdown
Residential
713
Single Family
713
Multi-Family
0
Businesses
42
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Listed by: Heather L Elrod • Hegg, REALTORS
Mls Name: Realtor Association of the Sioux Empire
Mls ID: #22508975