701 S 6th StMilbankSD57252
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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 Milbank at 701 S 6th St, Milbank, SD, 57252 offers a 9.59% rental yield on a $255,000 purchase with $2,038/mo rent. Total monthly income registers $2,038/mo, and a $1,248/mo payment leaves $427/mo available for distribution. Annual cash flow reaches $5,119/yr on $84,533 to close, and return on cash invested stands at 25.97% in year one. Equity gained on principal adds $1,645/yr while 5% annual appreciation supports $70,452 over five years. Portfolio math shows five-year ROI at 135.51% and total cumulative return in cash at $114,548. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,038/mo property income against a $1,248/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1965
6,771 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57252, Milbank, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,261 (100%) |
| Owner Occupied HU | 1,505 (66.6%) |
| Renter Occupied HU | 562 (24.9%) |
| Vacant Housing Units | 194 ( 8.6%) |
| Median Home Value | $192,841 |
| Average Home Value | $239,870 |
Housing Distribution
Address Breakdown
Residential
2,184
Single Family
1,876
Multi-Family
308
Businesses
300
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Listed by: Elizabeth Stoks • A+ Realty, Llc
Mls Name: Aberdeen MLS
Mls Provider:
Mls ID: #24-580
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.