409 Essex StGarretsonSD57030
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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 Garretson at 409 Essex St, Garretson, SD, 57030 priced at $291,000 pairs $2,142/mo rent with $303/mo cash flow after a $1,424/mo payment. Total monthly income equals $2,142/mo, and annual cash flow comes to $3,640/yr on $96,467 invested. Return on cash invested is 23.68% in year one, and rental yield stands at 8.83% on a $291,000 basis. Equity gained on principal adds $1,878/yr, and 5% annual appreciation accumulates to $80,398 by year five. Five-year ROI measures 123.28% and total cumulative return in cash reaches $118,926. For financing, Ziffy Mortgage’s DSCR program evaluates $2,142/mo property income against a $1,424/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1952
6,708 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57030, Garretson, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,255 (100%) |
| Owner Occupied HU | 1,023 (81.5%) |
| Renter Occupied HU | 162 (12.9%) |
| Vacant Housing Units | 70 ( 5.6%) |
| Median Home Value | $413,202 |
| Average Home Value | $478,326 |
Housing Distribution
Address Breakdown
Residential
1,054
Single Family
1,038
Multi-Family
16
Businesses
66
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