420 E Main StCorsicaSD57328
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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 Corsica at 420 E Main St, Corsica, SD, 57328 generates $1,574/mo in rent, after a $1,317/mo payment. Total monthly income is $1,574/mo. Return on cash invested sits at 18.21% in year one, and rental yield is 7.02% on a $269,000 entry. Equity gained on principal adds $1,736/yr, while 5% annual appreciation builds toward $74,320 over five years. Five-year ROI reaches 93.9% and total cumulative return in cash sums $83,735. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,574/mo property income rather than buyer’s personal income.
Single Family
Built in 1900
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57328, Corsica, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 510 (100%) |
| Owner Occupied HU | 360 (70.6%) |
| Renter Occupied HU | 75 (14.7%) |
| Vacant Housing Units | 75 (14.7%) |
| Median Home Value | $167,000 |
| Average Home Value | $276,042 |
Housing Distribution
Address Breakdown
Residential
324
Single Family
304
Multi-Family
20
Businesses
65
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Listed by: Craig W Tischler • Mitchell Realty LLC
Mls Name: Mitchell BOR
Mls Provider:
Mls ID: #25-21
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.