704 2nd StSissetonSD57279
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
Rental property for sale in Sisseton at 704 2nd St, Sisseton, SD, 57279 offers $854/mo rent that, after a $538/mo payment, leaves $159/mo cash flow. Total monthly income is $854/mo, and annual cash flow is $1,913/yr on $36,432 cash. Return on cash invested measures 25.16% in year one, and rental yield stands at 9.32% at a $109,900 entry. Equity gained on principal adds $709/yr while 5% annual appreciation compounds into $30,363 by year five. Five-year ROI records 131.27% and total cumulative return in cash reaches $47,824. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $854/mo property income versus a $538/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1940
4,260 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57279, Wilmot, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 601 (100%) |
| Owner Occupied HU | 334 (55.6%) |
| Renter Occupied HU | 55 ( 9.2%) |
| Vacant Housing Units | 212 (35.3%) |
| Median Home Value | $334,043 |
| Average Home Value | $412,350 |
Housing Distribution
Address Breakdown
Residential
309
Single Family
309
Multi-Family
0
Businesses
49
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Listed by: Angela Lambrechts • 1st Choice Real Estate, LLC
Mls Name: My State MLS
Mls ID: #11554905