612 9th StSpringfieldSD57062
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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
Total monthly income runs $964/mo, and a $827/mo payment. Purchase price stands at $169,000, and rental yield measures 6.84% with $964/mo rent. Return on cash invested shows 17.69% in year one, and 5% annual appreciation builds toward $46,692 over five years. Five-year ROI reaches 91.17% and total cumulative return in cash records $51,079. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $964/mo property income covering a $827/mo payment rather than investor’s personal income.
Single Family
Built in 1920
0.44 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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Listed by: Jolene Green • Century 21 Professional Real Estate
Mls Name: Meridian AOR
Mls Provider:
Mls ID: #116837
Disclaimer: Copyright Lewis & Clark Board of Realtors. All rights reserved. Information is deemed reliable but not guaranteed.