419 W Center StMadisonSD57042
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 Madison at 419 W Center St, Madison, SD, 57042 with 5% annual appreciation on a $214,900 basis while $1,080/mo rent supports operations. 22% in year one. Equity gained on principal adds $1,387/yr, and five-year appreciation sums $59,373 alongside rental yield of 6.03%. Five-year ROI measures 77.88% and total cumulative return in cash totals $55,482. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,080/mo property income versus a $1,052/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1927
7,888 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57042, Madison, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,815 (100%) |
| Owner Occupied HU | 2,199 (57.6%) |
| Renter Occupied HU | 1,148 (30.1%) |
| Vacant Housing Units | 468 (12.3%) |
| Median Home Value | $220,717 |
| Average Home Value | $283,514 |
Housing Distribution
Address Breakdown
Residential
3,797
Single Family
3,369
Multi-Family
428
Businesses
377
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Listed by: Julie A Jones • Signature Realty Group LLC
Mls Name: Realtor Association of the Sioux Empire
Mls ID: #22600339