513 N Morning Rain AveBrandonSD57005
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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 Brandon at 513 N Morning Rain Ave, Brandon, SD, 57005 priced at $519,500 converts $1,199/mo rent into after a $2,543/mo obligation. Total monthly income equals $1,199/mo. Return on cash invested prints 5.43% in year one, and rental yield reads 2.77% against a $519,500 entry. Equity gained on principal adds $3,352/yr, while 5% annual appreciation compiles into $143,528 by year five. Five-year ROI reaches 25.32% and total cumulative return in cash sums $43,270. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,199/mo property income covering a $2,543/mo payment, not borrower’s personal income.
Single Family
Built in 1999
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57005, Brandon, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,482 (100%) |
| Owner Occupied HU | 3,380 (75.4%) |
| Renter Occupied HU | 951 (21.2%) |
| Vacant Housing Units | 151 ( 3.4%) |
| Median Home Value | $378,922 |
| Average Home Value | $442,610 |
Housing Distribution
Address Breakdown
Residential
4,611
Single Family
4,250
Multi-Family
361
Businesses
407
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Listed by: Matt Misner • Coldwell Banker Empire Realty
Mls Name: Realtor Association of the Sioux Empire
Mls ID: #22600160