708 E 8th AveMilbankSD57252
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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
Rental property for sale in Milbank at 708 E 8th Ave, Milbank, SD, 57252 priced at $190,000 pairs $1,712/mo rent with $511/mo cash flow after a $930/mo payment. Total monthly income equals $1,712/mo, and annual cash flow comes to $6,135/yr on $62,985 invested. Return on cash invested is 29.65% in year one, and rental yield stands at 10.81% on a $190,000 basis. Equity gained on principal adds $1,226/yr, and 5% annual appreciation accumulates to $52,494 by year five. Five-year ROI measures 155.31% and total cumulative return in cash reaches $97,824. For financing, Ziffy Mortgage’s DSCR program evaluates $1,712/mo property income against a $930/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1961
10,018 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: LANCE A O'FARRELL • MILBANK AREA HOMES
Mls Name: Northeast South Dakota BOR
Mls ID: #16-2109
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