909 11th StSpringfieldSD57062
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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 Springfield at 909 11th St, Springfield, SD, 57062 uses $59,670 cash to close to unlock $2,658/yr annual cash flow and $222/mo monthly cash flow. Total monthly income runs $1,359/mo, and a $881/mo payment keeps the spread at $222/mo. Purchase price stands at $180,000, and rental yield measures 9.06% with $1,359/mo rent. Return on cash invested shows 24.36% in year one, and 5% annual appreciation builds toward $49,731 over five years. Five-year ROI reaches 126.95% and total cumulative return in cash records $75,749. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,359/mo property income covering a $881/mo payment rather than investor’s personal income.
Single Family
Built in 1900
0.44 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57062, Springfield, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 642 (100%) |
| Owner Occupied HU | 387 (60.3%) |
| Renter Occupied HU | 113 (17.6%) |
| Vacant Housing Units | 142 (22.1%) |
| Median Home Value | $176,786 |
| Average Home Value | $223,747 |
Housing Distribution
Address Breakdown
Residential
392
Single Family
392
Multi-Family
0
Businesses
36
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Listed by: Kerry Trimble-Woehl • The Move Group
Mls Name: Meridian AOR
Mls ID: #117051