721 N Catherine AveMadisonSD57042
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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 Madison at 721 N Catherine Ave, Madison, SD, 57042 priced at $272,500 pairs $1,320/mo rent with after a $1,334/mo payment. Total monthly income equals $1,320/mo. Return on cash invested is 14.56% in year one, and rental yield stands at 5.81% on a $272,500 basis. Equity gained on principal adds $1,758/yr, and 5% annual appreciation accumulates to $75,287 by year five. Five-year ROI measures 74.37% and total cumulative return in cash reaches $67,182. For financing, Ziffy Mortgage’s DSCR program evaluates $1,320/mo property income against a $1,334/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1968
10,200 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57042, Madison, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,815 (100%) |
| Owner Occupied HU | 2,199 (57.6%) |
| Renter Occupied HU | 1,148 (30.1%) |
| Vacant Housing Units | 468 (12.3%) |
| Median Home Value | $220,717 |
| Average Home Value | $283,514 |
Housing Distribution
Address Breakdown
Residential
3,797
Single Family
3,369
Multi-Family
428
Businesses
377
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Listed by: Adam Foland • EXIT Realty Advantage
Mls Name: Realtor Association of the Sioux Empire
Mls Provider:
Mls ID: #22405783
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the REALTOR Association of the Sioux Empire, Inc., Multiple Listing Service. Real estate listings held by brokerage firms other than Zillow, Inc. are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Information is deemed reliable but not guaranteed. Copyright 2024 REALTOR Association of the Sioux Empire, Inc., Inc. Multiple Listing Service. All rights reserved.