404 Main AveGarySD57237
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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 Gary at 404 Main Ave, Gary, SD, 57237 at $189,900 posts ROI 21.33% with $74/mo cash flow from $1,274/mo rent. Total monthly income equals $1,274/mo, and annual cash flow records $893/yr on $62,952 to close. Return on cash invested measures 21.33% and rental yield reads 8.05% at the current $189,900. Equity gained on principal adds $1,225/yr, and 5% annual appreciation supports $52,466 by year five. Five-year ROI prints 110.68% and total cumulative return in cash totals $69,677.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,274/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1910
0.38 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57237, Gary, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 519 (100%) |
| Owner Occupied HU | 284 (54.7%) |
| Renter Occupied HU | 56 (10.8%) |
| Vacant Housing Units | 179 (34.5%) |
| Median Home Value | $226,923 |
| Average Home Value | $317,667 |
Housing Distribution
Address Breakdown
Residential
320
Single Family
292
Multi-Family
28
Businesses
38
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Listed by: LYNN MORRIS • THE REALTY TEAM
Mls Name: Northeast South Dakota BOR
Mls ID: #24-7147