603 Meckling StGayvilleSD57031
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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 Gayville at 603 Meckling St, Gayville, SD, 57031 priced at $109,000 pairs $840/mo rent with $151/mo cash flow after a $534/mo payment. Total monthly income equals $840/mo, and annual cash flow comes to $1,808/yr on $36,134 invested. Return on cash invested is 24.91% in year one, and rental yield stands at 9.25% on a $109,000 basis. Equity gained on principal adds $703/yr, and 5% annual appreciation accumulates to $30,115 by year five. Five-year ROI measures 129.88% and total cumulative return in cash reaches $46,930. For financing, Ziffy Mortgage’s DSCR program evaluates $840/mo property income against a $534/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1950
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57031, Gayville, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 287 (100%) |
| Owner Occupied HU | 211 (73.5%) |
| Renter Occupied HU | 59 (20.6%) |
| Vacant Housing Units | 17 ( 5.9%) |
| Median Home Value | $209,375 |
| Average Home Value | $279,206 |
Housing Distribution
Address Breakdown
Residential
83
Single Family
83
Multi-Family
0
Businesses
13
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Listed by: Parker Erickson • Dakota Realty
Mls Name: Northwest Iowa Regional BOR
Mls Provider:
Mls ID: #830072
Disclaimer: Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed.