409 S Church AveMontroseSD57048
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 Montrose at 409 S Church Ave, Montrose, SD, 57048 priced at $339,900 converts $1,421/mo rent into after a $1,664/mo obligation. Total monthly income equals $1,421/mo. Return on cash invested prints 12.16% in year one, and rental yield reads 5.02% against a $339,900 entry. Equity gained on principal adds $2,193/yr, while 5% annual appreciation compiles into $93,908 by year five. Five-year ROI reaches 61.48% and total cumulative return in cash sums $69,275. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,421/mo property income covering a $1,664/mo payment, not borrower’s personal income.
Single Family
Built in 2022
3.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57048, Montrose, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 422 (100%) |
| Owner Occupied HU | 311 (73.7%) |
| Renter Occupied HU | 62 (14.7%) |
| Vacant Housing Units | 49 (11.6%) |
| Median Home Value | $369,271 |
| Average Home Value | $432,002 |
Housing Distribution
Address Breakdown
Residential
368
Single Family
344
Multi-Family
24
Businesses
20
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Listed by: N/A • eXp Realty
Mls Name: eXp Realty
Mls ID: #22500103