605 E 6th AveRedfieldSD57469
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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 Redfield at 605 E 6th Ave, Redfield, SD, 57469 offers a 10.57% rental yield on a $139,900 purchase with $1,232/mo rent. Total monthly income registers $1,232/mo, and a $685/mo payment leaves $348/mo available for distribution. Annual cash flow reaches $4,172/yr on $46,377 to close, and return on cash invested stands at 28.9% in year one. Equity gained on principal adds $903/yr while 5% annual appreciation supports $38,652 over five years. Portfolio math shows five-year ROI at 151.3% and total cumulative return in cash at $70,167. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,232/mo property income against a $685/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1882
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57469, Redfield, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,603 (100%) |
| Owner Occupied HU | 893 (55.7%) |
| Renter Occupied HU | 460 (28.7%) |
| Vacant Housing Units | 250 (15.6%) |
| Median Home Value | $157,830 |
| Average Home Value | $194,818 |
Housing Distribution
Address Breakdown
Residential
1,402
Single Family
1,218
Multi-Family
184
Businesses
182
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Listed by: Laurie Stahl • Redfield Realty
Mls Name: My State MLS
Mls ID: #11505949