405 E Main StElk PointSD57025
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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 Elk Point at 405 E Main St, Elk Point, SD, 57025 with 5% annual appreciation on a $149,900 basis while $1,178/mo rent supports operations. Total monthly income totals $1,178/mo and a $734/mo payment preserves $230/mo for cash returns. Annual cash flow comes to $2,765/yr on $49,692 deployed, and return on cash invested reaches 25.47% in year one. Equity gained on principal adds $967/yr, and five-year appreciation sums $41,415 alongside rental yield of 9.43%. Five-year ROI measures 132.91% and total cumulative return in cash totals $66,047.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,178/mo property income versus a $734/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1952
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57025, Elk Point, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,524 (100%) |
| Owner Occupied HU | 1,083 (71.1%) |
| Renter Occupied HU | 337 (22.1%) |
| Vacant Housing Units | 104 ( 6.8%) |
| Median Home Value | $234,891 |
| Average Home Value | $248,998 |
Housing Distribution
Address Breakdown
Residential
905
Single Family
837
Multi-Family
68
Businesses
118
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Listed by: Troy Donnelly • Herrity & Associates
Mls Name: Northwest Iowa Regional BOR
Mls ID: #831068