376th AveWessingtonSD57381
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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
Rental property for sale in Wessington at 376th Ave, Wessington, SD, 57381 priced at $1,773,225 converts $1,390/mo rent into after a $8,679/mo obligation. Total monthly income equals $1,390/mo. Return on cash invested prints -0.13% in year one, and rental yield reads 0.94% against a $1,773,225 entry. Equity gained on principal adds $11,442/yr, while 5% annual appreciation compiles into $489,909 by year five. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,390/mo property income covering a $8,679/mo payment, not borrower’s personal income.
Single Family
Built in N/A
639 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57381, Wessington, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 283 (100%) |
| Owner Occupied HU | 174 (61.5%) |
| Renter Occupied HU | 38 (13.4%) |
| Vacant Housing Units | 71 (25.1%) |
| Median Home Value | $220,833 |
| Average Home Value | $332,414 |
Housing Distribution
Address Breakdown
Residential
216
Single Family
216
Multi-Family
0
Businesses
19
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
No similar price properties found nearby.
Listed by: Kasey Wipf • Hayden Outdoors Real Estate
Mls Name: My State MLS
Mls ID: #11287543