404 W Highway 46WagnerSD57380
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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 Wagner at 404 W Highway 46, Wagner, SD, 57380 listed at $225,000 pairs $0/mo rent with a $1,101/mo payment. Total monthly income runs $0/mo. Return on cash invested measures -2.96% in year one, and rental yield registers 0% at a $225,000 basis. Equity gained on principal adds $1,452/yr, and annual property appreciation at 5% supports $62,163 by year five. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $0/mo property income relative to a $1,101/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1955
2.73 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57380, Wagner, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,180 (100%) |
| Owner Occupied HU | 677 (57.4%) |
| Renter Occupied HU | 380 (32.2%) |
| Vacant Housing Units | 123 (10.4%) |
| Median Home Value | $235,241 |
| Average Home Value | $315,358 |
Housing Distribution
Address Breakdown
Residential
539
Single Family
487
Multi-Family
52
Businesses
114
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No similar rental properties found nearby.
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Listed by: Carson Koehn • Juffer Real Estate
Mls Name: Mitchell BOR
Mls ID: #25-303