409 E North StPlatteSD57369
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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
Rental property for sale in Platte at 409 E North St, Platte, SD, 57369 priced at $189,470 converts $1,390/mo rent into $193/mo cash flow after a $927/mo obligation. Total monthly income equals $1,390/mo, and annual cash flow totals $2,316/yr on $62,809 invested. Return on cash invested prints 23.6% in year one, and rental yield reads 8.8% against a $189,470 entry. Equity gained on principal adds $1,223/yr, while 5% annual appreciation compiles into $52,347 by year five. Five-year ROI reaches 122.77% and total cumulative return in cash sums $77,114. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,390/mo property income covering a $927/mo payment, not borrower’s personal income.
Single Family
Built in 1961
103 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57369, Platte, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,119 (100%) |
| Owner Occupied HU | 773 (69.1%) |
| Renter Occupied HU | 197 (17.6%) |
| Vacant Housing Units | 149 (13.3%) |
| Median Home Value | $229,770 |
| Average Home Value | $275,838 |
Housing Distribution
Address Breakdown
Residential
673
Single Family
646
Multi-Family
27
Businesses
160
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Listed by: Donna Travis • Travis Real Estate
Mls Name: My State MLS
Mls ID: #11530541