505 E 4th StCantonSD57013
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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 Canton at 505 E 4th St, Canton, SD, 57013 priced at $413,400 converts $1,483/mo rent into after a $2,023/mo obligation. Total monthly income equals $1,483/mo. Return on cash invested prints 10.02% in year one, and rental yield reads 4.3% against a $413,400 entry. Equity gained on principal adds $2,668/yr, while 5% annual appreciation compiles into $114,215 by year five. Five-year ROI reaches 49.99% and total cumulative return in cash sums $68,507. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,483/mo property income covering a $2,023/mo payment, not borrower’s personal income.
Home Type Unknown
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57013, Canton, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,960 (100%) |
| Owner Occupied HU | 1,431 (73.0%) |
| Renter Occupied HU | 403 (20.6%) |
| Vacant Housing Units | 126 ( 6.4%) |
| Median Home Value | $338,682 |
| Average Home Value | $356,578 |
Housing Distribution
Address Breakdown
Residential
1,830
Single Family
1,718
Multi-Family
112
Businesses
192
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Nearby investment properties with comparable prices
Listed by: N/A • N/A
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Mls ID: #N/A