625 Elm Ave APT CBrookingsSD57006
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
Investment property for sale in Brookings at 625 Elm Ave APT C, Brookings, SD, 57006 earns $188/mo cash flow from $1,393/mo rent with a $856/mo payment. Total monthly income totals $1,393/mo, and annual cash flow totals $2,253/yr on $57,979 capital. ROI tracks 23.8% on current figures, and rental yield reads 9.56% at a $174,900 purchase. Equity gained on principal adds $1,129/yr, and 5% annual appreciation supports $48,322 over five years. Five-year ROI reaches 124.6% and total cumulative return in cash sums $72,240. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,393/mo property income instead of your personal income.
Condo
Built in 1981
N/A lot
$N/A/sqft
$100 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57006, Brookings, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,948 (100%) |
| Owner Occupied HU | 5,648 (47.3%) |
| Renter Occupied HU | 4,963 (41.5%) |
| Vacant Housing Units | 1,337 (11.2%) |
| Median Home Value | $287,661 |
| Average Home Value | $318,758 |
Housing Distribution
Address Breakdown
Residential
11,158
Single Family
8,175
Multi-Family
2,983
Businesses
935
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Listed by: Shane Andersen • Century 21 Krogman & Company
Mls Name: Realtor Association of the Sioux Empire
Mls Provider:
Mls ID: #22408265
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