700 N Grant StCantonSD57013
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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
Investment property for sale in Canton at 700 N Grant St, Canton, SD, 57013 uses $127,628 cash to close to unlock $1,913/yr annual cash flow and $159/mo monthly cash flow. Total monthly income runs $2,592/mo, and a $1,884/mo payment keeps the spread at $159/mo. Purchase price stands at $385,000, and rental yield measures 8.08% with $2,592/mo rent. Return on cash invested shows 21.41% in year one, and 5% annual appreciation builds toward $106,368 over five years. Five-year ROI reaches 111.07% and total cumulative return in cash records $141,754. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,592/mo property income covering a $1,884/mo payment rather than investor’s personal income.
Single Family
Built in 1959
6,198 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57013, Canton, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,960 (100%) |
| Owner Occupied HU | 1,431 (73.0%) |
| Renter Occupied HU | 403 (20.6%) |
| Vacant Housing Units | 126 ( 6.4%) |
| Median Home Value | $338,682 |
| Average Home Value | $356,578 |
Housing Distribution
Address Breakdown
Residential
1,830
Single Family
1,718
Multi-Family
112
Businesses
192
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Listed by: Barb J Fossum • Hegg, REALTORS
Mls Name: Realtor Association of the Sioux Empire
Mls Provider:
Mls ID: #22503460
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