409 S Madison AveNew UnderwoodSD57761
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
Investment property for sale in New Underwood at 409 S Madison Ave, New Underwood, SD, 57761 uses $89,140 cash to close to unlock $7,450/yr annual cash flow and $621/mo monthly cash flow. Total monthly income runs $2,320/mo, and a $1,316/mo payment keeps the spread at $621/mo. Purchase price stands at $268,900, and rental yield measures 10.35% with $2,320/mo rent. Return on cash invested shows 28.27% in year one, and 5% annual appreciation builds toward $74,292 over five years. Five-year ROI reaches 147.82% and total cumulative return in cash records $131,764. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,320/mo property income covering a $1,316/mo payment rather than investor’s personal income.
Multi Family
Built in 1950
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57761, New Underwood, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 548 (100%) |
| Owner Occupied HU | 376 (68.6%) |
| Renter Occupied HU | 96 (17.5%) |
| Vacant Housing Units | 76 (13.9%) |
| Median Home Value | $308,696 |
| Average Home Value | $381,084 |
Housing Distribution
Address Breakdown
Residential
352
Single Family
329
Multi-Family
23
Businesses
41
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: DIANE K WILCOX • COLDWELL BANKER BLACK HILLS LEGACY
Mls Name: Black Hills AOR
Mls ID: #175361