708 Center AveGarretsonSD57030
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
Investment property for sale in Garretson at 708 Center Ave, Garretson, SD, 57030 uses $48,068 cash to close to unlock $2,669/yr annual cash flow and $222/mo monthly cash flow. Total monthly income runs $1,139/mo, and a $710/mo payment keeps the spread at $222/mo. Purchase price stands at $145,000, and rental yield measures 9.43% with $1,139/mo rent. Return on cash invested shows 25.46% in year one, and 5% annual appreciation builds toward $40,061 over five years. Five-year ROI reaches 132.86% and total cumulative return in cash records $63,860. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,139/mo property income covering a $710/mo payment rather than investor’s personal income.
Single Family
Built in 1920
6,721 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57030, Garretson, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,255 (100%) |
| Owner Occupied HU | 1,023 (81.5%) |
| Renter Occupied HU | 162 (12.9%) |
| Vacant Housing Units | 70 ( 5.6%) |
| Median Home Value | $413,202 |
| Average Home Value | $478,326 |
Housing Distribution
Address Breakdown
Residential
1,054
Single Family
1,038
Multi-Family
16
Businesses
66
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Nick L Thompson • Keller Williams Realty Sioux Falls
Mls Name: Realtor Association of the Sioux Empire
Mls ID: #22507957