608 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
Investment property for sale in Gayville at 608 Meckling St, Gayville, SD, 57031 offers a 9.5% rental yield on a $139,000 purchase with $1,100/mo rent. Total monthly income registers $1,100/mo, and a $680/mo payment leaves $222/mo available for distribution. Annual cash flow reaches $2,663/yr on $46,079 to close, and return on cash invested stands at 25.69% in year one. Equity gained on principal adds $897/yr while 5% annual appreciation supports $38,403 over five years. Portfolio math shows five-year ROI at 134.01% and total cumulative return in cash at $61,748. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,100/mo property income against a $680/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1887
0.34 Acres 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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