509 E 1st StPlankintonSD57368
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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 Plankinton at 509 E 1st St, Plankinton, SD, 57368 uses $99,447 cash to close to unlock $8,310/yr annual cash flow and $693/mo monthly cash flow. Total monthly income runs $2,588/mo, and a $1,468/mo payment keeps the spread at $693/mo. Purchase price stands at $299,990, and rental yield measures 10.35% with $2,588/mo rent. Return on cash invested shows 28.27% in year one, and 5% annual appreciation builds toward $82,882 over five years. Five-year ROI reaches 147.84% and total cumulative return in cash records $147,021. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,588/mo property income covering a $1,468/mo payment rather than investor’s personal income.
Single Family
Built in 1915
2 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57368, Plankinton, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 538 (100%) |
| Owner Occupied HU | 352 (65.4%) |
| Renter Occupied HU | 124 (23.0%) |
| Vacant Housing Units | 62 (11.5%) |
| Median Home Value | $170,652 |
| Average Home Value | $240,426 |
Housing Distribution
Address Breakdown
Residential
307
Single Family
307
Multi-Family
0
Businesses
53
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Listed by: Patrick McGeough • Exit Realty Mitchell
Mls Name: Mitchell BOR
Mls ID: #25-506