502 8th AveBrookingsSD57006
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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
Investment property for sale in Brookings at 502 8th Ave, Brookings, SD, 57006 with 5% annual appreciation on a $299,900 basis while $1,578/mo rent supports operations. 08% in year one. Equity gained on principal adds $1,935/yr, and five-year appreciation sums $82,857 alongside rental yield of 6.31%. Five-year ROI measures 82.48% and total cumulative return in cash totals $82,000. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,578/mo property income versus a $1,468/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1967
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57006, Brookings, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,948 (100%) |
| Owner Occupied HU | 5,648 (47.3%) |
| Renter Occupied HU | 4,963 (41.5%) |
| Vacant Housing Units | 1,337 (11.2%) |
| Median Home Value | $287,661 |
| Average Home Value | $318,758 |
Housing Distribution
Address Breakdown
Residential
11,158
Single Family
8,175
Multi-Family
2,983
Businesses
935
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Listed by: Nolan Hansen • Burlage Peterson Auctioneers & Realtors, LLC
Mls Name: NY State MLS
Mls ID: #11478739