403 State Ave NWessington SpringsSD57382
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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 Wessington Springs at 403 State Ave N, Wessington Springs, SD, 57382 listed at $159,999 pairs $1,579/mo rent with a $783/mo payment to leave $568/mo cash flow. Total monthly income runs $1,579/mo, and annual cash flow reaches $6,816/yr on $53,040 cash to close. Return on cash invested measures 32.76% in year one, and rental yield registers 11.84% at a $159,999 basis. Equity gained on principal adds $1,032/yr, and annual property appreciation at 5% supports $44,205 by year five. Five-year ROI tracks 171.9% and total cumulative return in cash totals $91,177. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,579/mo property income relative to a $783/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1935
10,500 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57382, Wessington Springs, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 740 (100%) |
| Owner Occupied HU | 453 (61.2%) |
| Renter Occupied HU | 124 (16.8%) |
| Vacant Housing Units | 163 (22.0%) |
| Median Home Value | $139,063 |
| Average Home Value | $259,972 |
Housing Distribution
Address Breakdown
Residential
498
Single Family
434
Multi-Family
64
Businesses
107
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Listed by: Rebecca Kiner • Mitchell Realty LLC
Mls Name: Mitchell BOR
Mls Provider:
Mls ID: #24-450
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