505 Sunrise StGarretsonSD57030
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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 Garretson at 505 Sunrise St, Garretson, SD, 57030 generates $1,920/mo in rent, after a $1,811/mo payment. Total monthly income is $1,920/mo. Return on cash invested sits at 15.82% in year one, and rental yield is 6.23% on a $370,000 entry. Equity gained on principal adds $2,388/yr, while 5% annual appreciation builds toward $102,224 over five years. Five-year ROI reaches 81.07% and total cumulative return in cash sums $99,437. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,920/mo property income rather than buyer’s personal income.
Single Family
Built in 1990
10,798 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57030, Garretson, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,255 (100%) |
| Owner Occupied HU | 1,023 (81.5%) |
| Renter Occupied HU | 162 (12.9%) |
| Vacant Housing Units | 70 ( 5.6%) |
| Median Home Value | $413,202 |
| Average Home Value | $478,326 |
Housing Distribution
Address Breakdown
Residential
1,054
Single Family
1,038
Multi-Family
16
Businesses
66
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Listed by: Kate K Patrick • Hegg, REALTORS
Mls Name: Realtor Association of the Sioux Empire
Mls ID: #22600084