609 Picotte StYanktonSD57078
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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
Rental property for sale in Yankton at 609 Picotte St, Yankton, SD, 57078 offers $1,199/mo rent that, after a $1,248/mo payment. Total monthly income is $1,199/mo. Return on cash invested measures 14.05% in year one, and rental yield stands at 5.64% at a $255,000 entry. Equity gained on principal adds $1,645/yr while 5% annual appreciation compounds into $70,452 by year five. Five-year ROI records 71.63% and total cumulative return in cash reaches $60,548. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,199/mo property income versus a $1,248/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57078, Yankton, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,358 (100%) |
| Owner Occupied HU | 5,631 (60.2%) |
| Renter Occupied HU | 2,882 (30.8%) |
| Vacant Housing Units | 845 ( 9.0%) |
| Median Home Value | $252,854 |
| Average Home Value | $294,592 |
Housing Distribution
Address Breakdown
Residential
8,855
Single Family
7,648
Multi-Family
1,207
Businesses
1,031
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Listed by: Carla Schlingman • Century 21 Professional Real Estate
Mls Name: Meridian AOR
Mls Provider:
Mls ID: #116519
Disclaimer: Copyright Lewis & Clark Board of Realtors. All rights reserved. Information is deemed reliable but not guaranteed.