514 N Chicago AveMadisonSD57042
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
Rental property for sale in Madison at 514 N Chicago Ave, Madison, SD, 57042 offers $1,320/mo rent that, after a $905/mo payment, leaves $151/mo cash flow. Total monthly income is $1,320/mo, and annual cash flow is $1,817/yr on $61,324 cash. Return on cash invested measures 22.87% in year one, and rental yield stands at 8.56% at a $184,990 entry. Equity gained on principal adds $1,194/yr while 5% annual appreciation compounds into $51,109 by year five. Five-year ROI records 118.95% and total cumulative return in cash reaches $72,947. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,320/mo property income versus a $905/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1924
10,724 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57042, Madison, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,815 (100%) |
| Owner Occupied HU | 2,199 (57.6%) |
| Renter Occupied HU | 1,148 (30.1%) |
| Vacant Housing Units | 468 (12.3%) |
| Median Home Value | $220,717 |
| Average Home Value | $283,514 |
Housing Distribution
Address Breakdown
Residential
3,797
Single Family
3,369
Multi-Family
428
Businesses
377
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Listed by: Larry Mullinix • Amy Stockberger Real Estate
Mls Name: Realtor Association of the Sioux Empire
Mls ID: #22507281