608 W 3rd StSissetonSD57262
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 Sisseton at 608 W 3rd St, Sisseton, SD, 57262 priced at $300,000 converts $2,115/mo rent into $220/mo cash flow after a $1,468/mo obligation. Total monthly income equals $2,115/mo, and annual cash flow totals $2,634/yr on $99,450 invested. Return on cash invested prints 22.56% in year one, and rental yield reads 8.46% against a $300,000 entry. Equity gained on principal adds $1,936/yr, while 5% annual appreciation compiles into $82,884 by year five. Five-year ROI reaches 117.24% and total cumulative return in cash sums $116,592. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,115/mo property income covering a $1,468/mo payment, not borrower’s personal income.
Single Family
Built in 2001
0.38 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57262, Sisseton, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,193 (100%) |
| Owner Occupied HU | 1,153 (52.6%) |
| Renter Occupied HU | 802 (36.6%) |
| Vacant Housing Units | 238 (10.9%) |
| Median Home Value | $156,703 |
| Average Home Value | $223,723 |
Housing Distribution
Address Breakdown
Residential
1,797
Single Family
1,525
Multi-Family
272
Businesses
242
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Listed by: Tony Valnes • Dakota View Realty & Auctions
Mls Name: My State MLS
Mls ID: #11355639