321 Main Ave SBrookingsSD57006
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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 Brookings at 321 Main Ave S, Brookings, SD, 57006 uses $119,307 cash to close to unlock $986/yr annual cash flow and $82/mo monthly cash flow. Total monthly income runs $2,357/mo, and a $1,762/mo payment keeps the spread at $82/mo. Purchase price stands at $359,900, and rental yield measures 7.86% with $2,357/mo rent. Return on cash invested shows 20.74% in year one, and 5% annual appreciation builds toward $99,434 over five years. Five-year ROI reaches 107.47% and total cumulative return in cash records $128,222. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,357/mo property income covering a $1,762/mo payment rather than investor’s personal income.
Single Family
Built in 1946
8,250 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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