608 6th StSpringfieldSD57062
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
Rental property for sale in Springfield at 608 6th St, Springfield, SD, 57062 priced at $169,900 pairs $1,676/mo rent with $602/mo cash flow after a $832/mo payment. Total monthly income equals $1,676/mo, and annual cash flow comes to $7,223/yr on $56,322 invested. Return on cash invested is 32.73% in year one, and rental yield stands at 11.84% on a $169,900 basis. Equity gained on principal adds $1,096/yr, and 5% annual appreciation accumulates to $46,940 by year five. Five-year ROI measures 171.77% and total cumulative return in cash reaches $96,746. For financing, Ziffy Mortgage’s DSCR program evaluates $1,676/mo property income against a $832/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1966
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57062, Springfield, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 642 (100%) |
| Owner Occupied HU | 387 (60.3%) |
| Renter Occupied HU | 113 (17.6%) |
| Vacant Housing Units | 142 (22.1%) |
| Median Home Value | $176,786 |
| Average Home Value | $223,747 |
Housing Distribution
Address Breakdown
Residential
392
Single Family
392
Multi-Family
0
Businesses
36
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Nearby investment properties with comparable prices
Listed by: Jolene Green • Century 21 Professional Real Estate
Mls Name: Meridian AOR
Mls Provider:
Mls ID: #116644
Disclaimer: Copyright Lewis & Clark Board of Realtors. All rights reserved. Information is deemed reliable but not guaranteed.