926 6th AveBrookingsSD57006
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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 Brookings at 926 6th Ave, Brookings, SD, 57006 uses $59,637 cash to close to unlock $3,260/yr annual cash flow and $272/mo monthly cash flow. Total monthly income runs $1,409/mo, and a $881/mo payment keeps the spread at $272/mo. Purchase price stands at $179,900, and rental yield measures 9.4% with $1,409/mo rent. Return on cash invested shows 25.37% in year one, and 5% annual appreciation builds toward $49,703 over five years. Five-year ROI reaches 132.34% and total cumulative return in cash records $78,921. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,409/mo property income covering a $881/mo payment rather than investor’s personal income.
Single Family
Built in 1899
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57006, Brookings, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,948 (100%) |
| Owner Occupied HU | 5,648 (47.3%) |
| Renter Occupied HU | 4,963 (41.5%) |
| Vacant Housing Units | 1,337 (11.2%) |
| Median Home Value | $287,661 |
| Average Home Value | $318,758 |
Housing Distribution
Address Breakdown
Residential
11,158
Single Family
8,175
Multi-Family
2,983
Businesses
935
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Listed by: JASON GOETTE • SoDak Realty, LLC
Mls Name: Northeast South Dakota BOR
Mls ID: #41-105
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.