600 S 3rd StBeresfordSD57004
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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 Beresford at 600 S 3rd St, Beresford, SD, 57004 offers a 2.96% rental yield on a $365,000 purchase with $900/mo rent. 96% in year one. Equity gained on principal adds $2,355/yr while 5% annual appreciation supports $100,843 over five years. Portfolio math shows five-year ROI at 28.22% and total cumulative return in cash at $34,147. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $900/mo property income against a $1,786/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
7,501 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57004, Beresford, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,559 (100%) |
| Owner Occupied HU | 1,159 (74.3%) |
| Renter Occupied HU | 304 (19.5%) |
| Vacant Housing Units | 96 ( 6.2%) |
| Median Home Value | $292,170 |
| Average Home Value | $331,299 |
Housing Distribution
Address Breakdown
Residential
1,449
Single Family
1,361
Multi-Family
88
Businesses
153
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Listed by: Laken A Atwood • Keller Williams Realty Sioux Falls
Mls Name: Realtor Association of the Sioux Empire
Mls ID: #22507679