600 S Edgerton StMitchellSD57301
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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 Mitchell at 600 S Edgerton St, Mitchell, SD, 57301 offers $1,867/mo rent that, after a $857/mo payment, leaves $761/mo cash flow. Total monthly income is $1,867/mo, and annual cash flow is $9,128/yr on $58,013 cash. Return on cash invested measures 35.64% in year one, and rental yield stands at 12.8% at a $175,000 entry. Equity gained on principal adds $1,129/yr while 5% annual appreciation compounds into $48,349 by year five. Five-year ROI records 187.4% and total cumulative return in cash reaches $108,715. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,867/mo property income versus a $857/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1977
10,389 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57301, Mitchell, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,154 (100%) |
| Owner Occupied HU | 4,924 (53.8%) |
| Renter Occupied HU | 3,257 (35.6%) |
| Vacant Housing Units | 973 (10.6%) |
| Median Home Value | $209,750 |
| Average Home Value | $268,574 |
Housing Distribution
Address Breakdown
Residential
8,580
Single Family
7,302
Multi-Family
1,278
Businesses
962
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Listed by: Tonya Klingaman • EXIT Prime Realty
Mls Name: Central South Dakota BOR
Mls ID: #25-461