812 S Main 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 812 S Main St, Milbank, SD, 57252 listed at $289,900 pairs $2,061/mo rent with a $1,419/mo payment to leave $229/mo cash flow. Total monthly income runs $2,061/mo, and annual cash flow reaches $2,747/yr on $96,102 cash to close. Return on cash invested measures 22.77% in year one, and rental yield registers 8.53% at a $289,900 basis. Equity gained on principal adds $1,871/yr, and annual property appreciation at 5% supports $80,094 by year five. Five-year ROI tracks 118.33% and total cumulative return in cash totals $113,721. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,061/mo property income relative to a $1,419/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1940
10,650 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: Trudi Niedert • 1st Choice Real Estate, LLC
Mls Name: My State MLS
Mls ID: #11550258