702 S 3rd 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 702 S 3rd St, Milbank, SD, 57252 listed at $166,000 pairs $1,303/mo rent with a $812/mo payment to leave $254/mo cash flow. Total monthly income runs $1,303/mo, and annual cash flow reaches $3,053/yr on $55,029 cash to close. Return on cash invested measures 25.46% in year one, and rental yield registers 9.42% at a $166,000 basis. Equity gained on principal adds $1,071/yr, and annual property appreciation at 5% supports $45,863 by year five. Five-year ROI tracks 132.83% and total cumulative return in cash totals $73,093. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,303/mo property income relative to a $812/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1940
6,969 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: ELLI GRABOW - FISCHER • THE REALTY TEAM
Mls Name: Northeast South Dakota BOR
Mls ID: #24-7109