504 1st StWilmotSD57279
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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 Wilmot at 504 1st St, Wilmot, SD, 57279 offers a 11.41% rental yield on a $169,000 purchase with $1,607/mo rent. Total monthly income registers $1,607/mo, and a $827/mo payment leaves $539/mo available for distribution. Annual cash flow reaches $6,470/yr on $56,024 to close, and return on cash invested stands at 31.46% in year one. Equity gained on principal adds $1,091/yr while 5% annual appreciation supports $46,692 over five years. Portfolio math shows five-year ROI at 165.01% and total cumulative return in cash at $92,443. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,607/mo property income against a $827/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1912
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57279, Wilmot, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 601 (100%) |
| Owner Occupied HU | 334 (55.6%) |
| Renter Occupied HU | 55 ( 9.2%) |
| Vacant Housing Units | 212 (35.3%) |
| Median Home Value | $334,043 |
| Average Home Value | $412,350 |
Housing Distribution
Address Breakdown
Residential
309
Single Family
309
Multi-Family
0
Businesses
49
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Listed by: Emily Madsen • 203 Realty
Mls Name: Northeast South Dakota BOR
Mls ID: #35-613
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.