405 S 2nd StBeresfordSD57004
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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
Total monthly income runs $900/mo, and a $1,419/mo payment. Purchase price stands at $289,900, and rental yield measures 3.73% with $900/mo rent. Return on cash invested shows 8.27% in year one, and 5% annual appreciation builds toward $80,094 over five years. Five-year ROI reaches 40.59% and total cumulative return in cash records $39,009. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $900/mo property income covering a $1,419/mo payment rather than investor’s personal income.
Single Family
Built in 1910
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57004, Beresford, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,559 (100%) |
| Owner Occupied HU | 1,159 (74.3%) |
| Renter Occupied HU | 304 (19.5%) |
| Vacant Housing Units | 96 ( 6.2%) |
| Median Home Value | $292,170 |
| Average Home Value | $331,299 |
Housing Distribution
Address Breakdown
Residential
1,449
Single Family
1,361
Multi-Family
88
Businesses
153
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Listed by: Mandra Kruse • Midwest Realty
Mls Name: BHHS broker feed
Mls ID: #22503967