6129 Dakota AveMadisonSD57042
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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 Madison at 6129 Dakota Ave, Madison, SD, 57042 priced at $610,000 pairs $1,080/mo rent with after a $2,986/mo payment. Total monthly income equals $1,080/mo. Return on cash invested is 3.47% in year one, and rental yield stands at 2.12% on a $610,000 basis. Equity gained on principal adds $3,936/yr, and 5% annual appreciation accumulates to $168,532 by year five. Five-year ROI measures 14.8% and total cumulative return in cash reaches $29,707. For financing, Ziffy Mortgage’s DSCR program evaluates $1,080/mo property income against a $2,986/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1982
4,874 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57042, Madison, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,815 (100%) |
| Owner Occupied HU | 2,199 (57.6%) |
| Renter Occupied HU | 1,148 (30.1%) |
| Vacant Housing Units | 468 (12.3%) |
| Median Home Value | $220,717 |
| Average Home Value | $283,514 |
Housing Distribution
Address Breakdown
Residential
3,797
Single Family
3,369
Multi-Family
428
Businesses
377
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Listed by: Brandt C Williams • Hegg, REALTORS
Mls Name: Realtor Association of the Sioux Empire
Mls ID: #22507665