505 W 1st AveFlandreauSD57028
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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 Flandreau at 505 W 1st Ave, Flandreau, SD, 57028 listed at $140,000 pairs $810/mo rent with a $685/mo payment. Total monthly income runs $810/mo. Return on cash invested measures 17.98% in year one, and rental yield registers 6.94% at a $140,000 basis. Equity gained on principal adds $903/yr, and annual property appreciation at 5% supports $38,679 by year five. Five-year ROI tracks 92.72% and total cumulative return in cash totals $43,030. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $810/mo property income relative to a $685/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1912
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57028, Flandreau, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,523 (100%) |
| Owner Occupied HU | 966 (63.4%) |
| Renter Occupied HU | 401 (26.3%) |
| Vacant Housing Units | 156 (10.2%) |
| Median Home Value | $200,450 |
| Average Home Value | $349,128 |
Housing Distribution
Address Breakdown
Residential
1,406
Single Family
1,268
Multi-Family
138
Businesses
151
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Listed by: Ajay S Bowden • Keller Williams Realty Sioux Falls
Mls Name: Realtor Association of the Sioux Empire
Mls ID: #22507252