420 N Main StFultonSD57340
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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 Fulton at 420 N Main St, Fulton, SD, 57340 generates $1,406/mo in rent, after a $1,126/mo payment. Total monthly income is $1,406/mo. Return on cash invested sits at 19.16% in year one, and rental yield is 7.34% on a $230,000 entry. Equity gained on principal adds $1,484/yr, while 5% annual appreciation builds toward $63,545 over five years. Five-year ROI reaches 99.02% and total cumulative return in cash sums $75,499. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,406/mo property income rather than buyer’s personal income.
Single Family
Built in 2021
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57340, Fulton, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 140 (100%) |
| Owner Occupied HU | 113 (80.7%) |
| Renter Occupied HU | 17 (12.1%) |
| Vacant Housing Units | 10 ( 7.1%) |
| Median Home Value | $256,250 |
| Average Home Value | $350,199 |
Housing Distribution
Address Breakdown
Residential
95
Single Family
95
Multi-Family
0
Businesses
2
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Listed by: Robert Jarding • Mitchell Realty LLC
Mls Name: Mitchell BOR
Mls Provider:
Mls ID: #24-255
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.