511 S 2nd StMilbankSD57252
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Milbank at 511 S 2nd St, Milbank, SD, 57252 uses $61,327 cash to close to unlock $5,128/yr annual cash flow and $427/mo monthly cash flow. Total monthly income runs $1,596/mo, and a $905/mo payment keeps the spread at $427/mo. Purchase price stands at $184,999, and rental yield measures 10.35% with $1,596/mo rent. Return on cash invested shows 28.27% in year one, and 5% annual appreciation builds toward $51,112 over five years. Five-year ROI reaches 147.91% and total cumulative return in cash records $90,710. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,596/mo property income covering a $905/mo payment rather than investor’s personal income.
Single Family
Built in 1900
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57252, Milbank, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,261 (100%) |
| Owner Occupied HU | 1,505 (66.6%) |
| Renter Occupied HU | 562 (24.9%) |
| Vacant Housing Units | 194 ( 8.6%) |
| Median Home Value | $192,841 |
| Average Home Value | $239,870 |
Housing Distribution
Address Breakdown
Residential
2,184
Single Family
1,876
Multi-Family
308
Businesses
300
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: NASH COLBERG • HAUGAN NELSON REALTY, INC
Mls Name: Northeast South Dakota BOR
Mls ID: #30-4798