624 Harter DrMadisonSD57042
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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 624 Harter Dr, Madison, SD, 57042 priced at $349,000 pairs $1,080/mo rent with after a $1,708/mo payment. Total monthly income equals $1,080/mo. Return on cash invested is 8.24% in year one, and rental yield stands at 3.71% on a $349,000 basis. Equity gained on principal adds $2,252/yr, and 5% annual appreciation accumulates to $96,422 by year five. Five-year ROI measures 40.42% and total cumulative return in cash reaches $46,764. For financing, Ziffy Mortgage’s DSCR program evaluates $1,080/mo property income against a $1,708/mo payment instead of your W2s, 1099s, or Tax returns.
Townhouse
Built in 2024
6,160 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: Brenda Thompson • Signature Realty Group LLC
Mls Name: Realtor Association of the Sioux Empire
Mls Provider:
Mls ID: #22500593
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the REALTOR Association of the Sioux Empire, Inc., Multiple Listing Service. Real estate listings held by brokerage firms other than Zillow, Inc. are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Information is deemed reliable but not guaranteed. Copyright 2025 REALTOR Association of the Sioux Empire, Inc., Inc. Multiple Listing Service. All rights reserved.