407 E 3rd AveFlandreauSD57028
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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 Flandreau at 407 E 3rd Ave, Flandreau, SD, 57028 offers a 6.17% rental yield on a $239,000 purchase with $1,229/mo rent. 64% in year one. Equity gained on principal adds $1,542/yr while 5% annual appreciation supports $66,031 over five years. Portfolio math shows five-year ROI at 80.18% and total cumulative return in cash at $63,528. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,229/mo property income against a $1,170/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1973
9,600 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57028, Flandreau, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,523 (100%) |
| Owner Occupied HU | 966 (63.4%) |
| Renter Occupied HU | 401 (26.3%) |
| Vacant Housing Units | 156 (10.2%) |
| Median Home Value | $200,450 |
| Average Home Value | $349,128 |
Housing Distribution
Address Breakdown
Residential
1,406
Single Family
1,268
Multi-Family
138
Businesses
151
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Listed by: Jared Sutton • Sutton Auctioneers & Land Brokers, LLC
Mls Name: NY State MLS
Mls ID: #11353627