700 2nd StBalticSD57003
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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 Baltic at 700 2nd St, Baltic, SD, 57003 generates $2,400/mo in rent and, after a $1,468/mo payment, leaves $505/mo in cash flow. Total monthly income is $2,400/mo, and annual cash flow is $6,056/yr on $99,417 invested. Return on cash invested sits at 26% in year one, and rental yield is 9.6% on a $299,900 entry. Equity gained on principal adds $1,935/yr, while 5% annual appreciation builds toward $82,857 over five years. Five-year ROI reaches 135.69% and total cumulative return in cash sums $134,896. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,400/mo property income rather than buyer’s personal income.
Single Family
Built in 1900
0.45 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57003, Baltic, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 824 (100%) |
| Owner Occupied HU | 718 (87.1%) |
| Renter Occupied HU | 84 (10.2%) |
| Vacant Housing Units | 22 ( 2.7%) |
| Median Home Value | $413,194 |
| Average Home Value | $452,705 |
Housing Distribution
Address Breakdown
Residential
713
Single Family
713
Multi-Family
0
Businesses
42
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Listed by: Tracy Munce • Berkshire Hathaway HomeServices Midwest Realty - Sioux Falls
Mls Name: Realtor Association of the Sioux Empire
Mls ID: #22506054