404 Martin BlvdBrookingsSD57006
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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 Brookings at 404 Martin Blvd, Brookings, SD, 57006 priced at $334,500 converts $2,294/mo rent into $180/mo cash flow after a $1,637/mo obligation. Total monthly income equals $2,294/mo, and annual cash flow totals $2,164/yr on $110,887 invested. Return on cash invested prints 21.86% in year one, and rental yield reads 8.23% against a $334,500 entry. Equity gained on principal adds $2,158/yr, while 5% annual appreciation compiles into $92,416 by year five. Five-year ROI reaches 113.48% and total cumulative return in cash sums $125,839. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,294/mo property income covering a $1,637/mo payment, not borrower’s personal income.
Single Family
Built in 2016
10,287 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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Listed by: Seth Sayler • Best Choice Real Estate
Mls Name: East Central South Dakota BOR
Mls ID: #26-7