407 2nd StHaytiSD57241
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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 Hayti at 407 2nd St, Hayti, SD, 57241 offers a 8.88% rental yield on a $399,000 purchase with $2,953/mo rent. Total monthly income registers $2,953/mo, and a $1,953/mo payment leaves $431/mo available for distribution. Annual cash flow reaches $5,177/yr on $132,269 to close, and return on cash invested stands at 23.82% in year one. Equity gained on principal adds $2,575/yr while 5% annual appreciation supports $110,236 over five years. Portfolio math shows five-year ROI at 124.01% and total cumulative return in cash at $164,030. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,953/mo property income against a $1,953/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1976
2 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57241, Hayti, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 385 (100%) |
| Owner Occupied HU | 301 (78.2%) |
| Renter Occupied HU | 63 (16.4%) |
| Vacant Housing Units | 21 ( 5.5%) |
| Median Home Value | $266,803 |
| Average Home Value | $308,181 |
Housing Distribution
Address Breakdown
Residential
213
Single Family
213
Multi-Family
0
Businesses
48
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Listed by: STEVE SHEEHAN • THE REALTY TEAM
Mls Name: Northeast South Dakota BOR
Mls ID: #24-7119