409 Locust StYanktonSD57078
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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 Yankton at 409 Locust St, Yankton, SD, 57078 priced at $289,000 pairs $2,092/mo rent with $265/mo cash flow after a $1,415/mo payment. Total monthly income equals $2,092/mo, and annual cash flow comes to $3,182/yr on $95,804 invested. Return on cash invested is 23.23% in year one, and rental yield stands at 8.69% on a $289,000 basis. Equity gained on principal adds $1,865/yr, and 5% annual appreciation accumulates to $79,845 by year five. Five-year ROI measures 120.86% and total cumulative return in cash reaches $115,790. For financing, Ziffy Mortgage’s DSCR program evaluates $2,092/mo property income against a $1,415/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1900
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57078, Yankton, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,358 (100%) |
| Owner Occupied HU | 5,631 (60.2%) |
| Renter Occupied HU | 2,882 (30.8%) |
| Vacant Housing Units | 845 ( 9.0%) |
| Median Home Value | $252,854 |
| Average Home Value | $294,592 |
Housing Distribution
Address Breakdown
Residential
8,855
Single Family
7,648
Multi-Family
1,207
Businesses
1,031
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Listed by: Meg Martin • Vision Real Estate Services
Mls Name: Meridian AOR
Mls Provider:
Mls ID: #116687
Disclaimer: Copyright Lewis & Clark Board of Realtors. All rights reserved. Information is deemed reliable but not guaranteed.