505 S 2nd StMilbankSD57252
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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 Milbank at 505 S 2nd St, Milbank, SD, 57252 with 5% annual appreciation on a $439,900 basis while $1,115/mo rent supports operations. 21% in year one. Equity gained on principal adds $2,839/yr, and five-year appreciation sums $121,536 alongside rental yield of 3.04%. Five-year ROI measures 29.56% and total cumulative return in cash totals $43,107. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,115/mo property income versus a $2,153/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Multi Family
Built in 1994
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57252, Milbank, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,261 (100%) |
| Owner Occupied HU | 1,505 (66.6%) |
| Renter Occupied HU | 562 (24.9%) |
| Vacant Housing Units | 194 ( 8.6%) |
| Median Home Value | $192,841 |
| Average Home Value | $239,870 |
Housing Distribution
Address Breakdown
Residential
2,184
Single Family
1,876
Multi-Family
308
Businesses
300
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Listed by: Angela Lambrechts • 1st Choice Real Estate, LLC
Mls Name: My State MLS
Mls ID: #11331521