409 N Main StGrotonSD57445
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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 Groton at 409 N Main St, Groton, SD, 57445 generates $1,098/mo in rent and, after a $709/mo payment, leaves $183/mo in cash flow. Total monthly income is $1,098/mo, and annual cash flow is $2,190/yr on $48,034 invested. Return on cash invested sits at 24.47% in year one, and rental yield is 9.09% on a $144,900 entry. Equity gained on principal adds $935/yr, while 5% annual appreciation builds toward $40,033 over five years. Five-year ROI reaches 127.49% and total cumulative return in cash sums $61,237. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,098/mo property income rather than buyer’s personal income.
Single Family
Built in 1918
7,100 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57445, Groton, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 872 (100%) |
| Owner Occupied HU | 595 (68.2%) |
| Renter Occupied HU | 190 (21.8%) |
| Vacant Housing Units | 87 ( 10.0%) |
| Median Home Value | $252,273 |
| Average Home Value | $345,248 |
Housing Distribution
Address Breakdown
Residential
639
Single Family
627
Multi-Family
12
Businesses
73
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Listed by: Abbie Franks • The Experience Real Estate
Mls Name: Aberdeen MLS
Mls Provider:
Mls ID: #25-650
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.