510 E 3rd 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 510 E 3rd St, Plankinton, SD, 57368 listed at $307,900 pairs $1,976/mo rent with a $1,507/mo payment to leave $30/mo cash flow. Total monthly income runs $1,976/mo, and annual cash flow reaches $363/yr on $102,069 cash to close. Return on cash invested measures 20.26% in year one, and rental yield registers 7.7% at a $307,900 basis. Equity gained on principal adds $1,987/yr, and annual property appreciation at 5% supports $85,067 by year five. Five-year ROI tracks 104.96% and total cumulative return in cash totals $107,132. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,976/mo property income relative to a $1,507/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2005
0.69 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: Cheryl Weeman • Mitchell Realty LLC
Mls Name: Mitchell BOR
Mls ID: #25-243