602 S 3rd 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 602 S 3rd St, Milbank, SD, 57252 offers a 9.52% rental yield on a $175,000 purchase with $1,388/mo rent. Total monthly income registers $1,388/mo, and a $857/mo payment leaves $282/mo available for distribution. Annual cash flow reaches $3,380/yr on $58,013 to close, and return on cash invested stands at 25.73% in year one. Equity gained on principal adds $1,129/yr while 5% annual appreciation supports $48,349 over five years. Portfolio math shows five-year ROI at 134.3% and total cumulative return in cash at $77,911. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,388/mo property income against a $857/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1932
0.29 Acres 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
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Listed by: ELLI GRABOW - FISCHER • THE REALTY TEAM
Mls Name: Northeast South Dakota BOR
Mls ID: #24-7100