407 Palmquist AveHaytiSD57241
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Rental property for sale in Hayti at 407 Palmquist Ave, Hayti, SD, 57241 priced at $264,900 pairs $2,285/mo rent with $611/mo cash flow after a $1,297/mo payment. Total monthly income equals $2,285/mo, and annual cash flow comes to $7,326/yr on $87,814 invested. Return on cash invested is 28.25% in year one, and rental yield stands at 10.35% on a $264,900 basis. Equity gained on principal adds $1,709/yr, and 5% annual appreciation accumulates to $73,187 by year five. Five-year ROI measures 147.77% and total cumulative return in cash reaches $129,764. For financing, Ziffy Mortgage’s DSCR program evaluates $2,285/mo property income against a $1,297/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1975
0.26 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: HANNA OWEN • AGVISORS RESIDENTIAL
Mls Name: Northeast South Dakota BOR
Mls ID: #49-51