417 9th St EMobridgeSD57601
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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 Mobridge at 417 9th St E, Mobridge, SD, 57601 priced at $540,000 converts $2,437/mo rent into after a $2,643/mo obligation. Total monthly income equals $2,437/mo. Return on cash invested prints 13.43% in year one, and rental yield reads 5.42% against a $540,000 entry. Equity gained on principal adds $3,485/yr, while 5% annual appreciation compiles into $149,192 by year five. Five-year ROI reaches 68.23% and total cumulative return in cash sums $121,226. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,437/mo property income covering a $2,643/mo payment, not borrower’s personal income.
Single Family
Built in 1994
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57601, Mobridge, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,856 (100%) |
| Owner Occupied HU | 1,036 (55.8%) |
| Renter Occupied HU | 529 (28.5%) |
| Vacant Housing Units | 291 (15.7%) |
| Median Home Value | $166,304 |
| Average Home Value | $202,869 |
Housing Distribution
Address Breakdown
Residential
1,659
Single Family
1,466
Multi-Family
193
Businesses
255
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Listed by: Jackie Heil • Bridge City Real Estate
Mls Name: Central South Dakota BOR
Mls Provider:
Mls ID: #25-130
Disclaimer: IDX information is provided exclusively for consumers personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that data is deemed reliable but is not guaranteed accurate by the MLS.