406 E Merrill StCastlewoodSD57223
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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 Castlewood at 406 E Merrill St, Castlewood, SD, 57223 with 5% annual appreciation on a $189,900 basis while $1,844/mo rent supports operations. Total monthly income totals $1,844/mo and a $929/mo payment preserves $644/mo for cash returns. Annual cash flow comes to $7,733/yr on $62,952 deployed, and return on cash invested reaches 32.19% in year one. Equity gained on principal adds $1,225/yr, and five-year appreciation sums $52,466 alongside rental yield of 11.65%. Five-year ROI measures 168.92% and total cumulative return in cash totals $106,337.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,844/mo property income versus a $929/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1903
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57223, Castlewood, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 597 (100%) |
| Owner Occupied HU | 441 (73.9%) |
| Renter Occupied HU | 103 (17.3%) |
| Vacant Housing Units | 53 ( 8.9%) |
| Median Home Value | $256,325 |
| Average Home Value | $315,743 |
Housing Distribution
Address Breakdown
Residential
410
Single Family
410
Multi-Family
0
Businesses
43
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Listed by: JASON GOETTE • SoDak Realty, LLC
Mls Name: Northeast South Dakota BOR
Mls ID: #41-116