603 S Park PlElk PointSD57025
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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 Elk Point at 603 S Park Pl, Elk Point, SD, 57025 uses $85,859 cash to close to unlock $6,395/yr annual cash flow and $533/mo monthly cash flow. Total monthly income runs $2,170/mo, and a $1,268/mo payment keeps the spread at $533/mo. Purchase price stands at $259,000, and rental yield measures 10.05% with $2,170/mo rent. Return on cash invested shows 27.36% in year one, and 5% annual appreciation builds toward $71,557 over five years. Five-year ROI reaches 142.96% and total cumulative return in cash records $122,740. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,170/mo property income covering a $1,268/mo payment rather than investor’s personal income.
Townhouse
Built in 1999
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57025, Elk Point, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,524 (100%) |
| Owner Occupied HU | 1,083 (71.1%) |
| Renter Occupied HU | 337 (22.1%) |
| Vacant Housing Units | 104 ( 6.8%) |
| Median Home Value | $234,891 |
| Average Home Value | $248,998 |
Housing Distribution
Address Breakdown
Residential
905
Single Family
837
Multi-Family
68
Businesses
118
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Listed by: Sheryl Ford • United Real Estate Solutions
Mls Name: Northwest Iowa Regional BOR
Mls ID: #830937