47948 Evers RdCoronaSD57227
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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 Corona at 47948 Evers Rd, Corona, SD, 57227 generates $1,504/mo in rent, after a $1,957/mo payment. Total monthly income is $1,504/mo. Return on cash invested sits at 10.65% in year one, and rental yield is 4.51% on a $399,900 entry. Equity gained on principal adds $2,580/yr, while 5% annual appreciation builds toward $110,485 over five years. Five-year ROI reaches 53.4% and total cumulative return in cash sums $70,784. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,504/mo property income rather than buyer’s personal income.
Single Family
Built in 1997
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57227, Corona, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 508 (100%) |
| Owner Occupied HU | 229 (45.1%) |
| Renter Occupied HU | 25 ( 4.9%) |
| Vacant Housing Units | 254 (50.0%) |
| Median Home Value | $386,000 |
| Average Home Value | $383,755 |
Housing Distribution
Address Breakdown
Residential
118
Single Family
118
Multi-Family
0
Businesses
10
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Listed by: JENNY FOLEY • DIAMOND REALTY
Mls Name: Northeast South Dakota BOR
Mls ID: #28-1350