507 N Tibbetts StMount VernonSD57363
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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 Mount Vernon at 507 N Tibbetts St, Mount Vernon, SD, 57363 offers $1,344/mo rent that, after a $746/mo payment, leaves $381/mo cash flow. Total monthly income is $1,344/mo, and annual cash flow is $4,568/yr on $50,554 cash. Return on cash invested measures 28.95% in year one, and rental yield stands at 10.58% at a $152,500 entry. Equity gained on principal adds $984/yr while 5% annual appreciation compounds into $42,133 by year five. Five-year ROI records 151.49% and total cumulative return in cash reaches $76,583. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,344/mo property income versus a $746/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1962
10,648 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57363, Mount Vernon, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 410 (100%) |
| Owner Occupied HU | 291 (71.0%) |
| Renter Occupied HU | 84 (20.5%) |
| Vacant Housing Units | 35 ( 8.5%) |
| Median Home Value | $213,393 |
| Average Home Value | $275,369 |
Housing Distribution
Address Breakdown
Residential
261
Single Family
261
Multi-Family
0
Businesses
18
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Listed by: Rebecca Kiner • Mitchell Realty LLC
Mls Name: Mitchell BOR
Mls ID: #25-565