506 W 1st StRedfieldSD57469
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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 Redfield at 506 W 1st St, Redfield, SD, 57469 listed at $132,500 pairs $1,031/mo rent with a $649/mo payment to leave $193/mo cash flow. Total monthly income runs $1,031/mo, and annual cash flow reaches $2,318/yr on $43,924 cash to close. Return on cash invested measures 25.19% in year one, and rental yield registers 9.34% at a $132,500 basis. Equity gained on principal adds $855/yr, and annual property appreciation at 5% supports $36,607 by year five. Five-year ROI tracks 131.4% and total cumulative return in cash totals $57,716. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,031/mo property income relative to a $649/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1908
8,250 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57469, Redfield, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,603 (100%) |
| Owner Occupied HU | 893 (55.7%) |
| Renter Occupied HU | 460 (28.7%) |
| Vacant Housing Units | 250 (15.6%) |
| Median Home Value | $157,830 |
| Average Home Value | $194,818 |
Housing Distribution
Address Breakdown
Residential
1,402
Single Family
1,218
Multi-Family
184
Businesses
182
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Listed by: Alisa Lutter • Lutter Realty Inc.
Mls Name: My State MLS
Mls ID: #11511430