505 8th StSpringfieldSD57062
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Nearby investment properties with comparable prices
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 Springfield at 505 8th St, Springfield, SD, 57062 offers a 11.57% rental yield on a $190,800 purchase with $1,840/mo rent. Total monthly income registers $1,840/mo, and a $934/mo payment leaves $634/mo available for distribution. Annual cash flow reaches $7,609/yr on $63,250 to close, and return on cash invested stands at 31.94% in year one. Equity gained on principal adds $1,231/yr while 5% annual appreciation supports $52,715 over five years. Portfolio math shows five-year ROI at 167.58% and total cumulative return in cash at $105,995. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,840/mo property income against a $934/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57062, Springfield, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 642 (100%) |
| Owner Occupied HU | 387 (60.3%) |
| Renter Occupied HU | 113 (17.6%) |
| Vacant Housing Units | 142 (22.1%) |
| Median Home Value | $176,786 |
| Average Home Value | $223,747 |
Housing Distribution
Address Breakdown
Residential
392
Single Family
392
Multi-Family
0
Businesses
36
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Nearby investment properties with comparable prices
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