1001 6th StFlorenceSD57235
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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 Florence at 1001 6th St, Florence, SD, 57235 uses $104,389 cash to close to unlock $2,391/yr annual cash flow and $199/mo monthly cash flow. Total monthly income runs $2,189/mo, and a $1,541/mo payment keeps the spread at $199/mo. Purchase price stands at $314,900, and rental yield measures 8.34% with $2,189/mo rent. Return on cash invested shows 22.2% in year one, and 5% annual appreciation builds toward $87,001 over five years. Five-year ROI reaches 115.33% and total cumulative return in cash records $120,394. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,189/mo property income covering a $1,541/mo payment rather than investor’s personal income.
Single Family
Built in 1995
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57235, Florence, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 331 (100%) |
| Owner Occupied HU | 271 (81.9%) |
| Renter Occupied HU | 31 ( 9.4%) |
| Vacant Housing Units | 29 ( 8.8%) |
| Median Home Value | $325,000 |
| Average Home Value | $362,814 |
Housing Distribution
Address Breakdown
Residential
248
Single Family
248
Multi-Family
0
Businesses
14
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Listed by: Lucas Hoftiezer • HOFTIEZER REAL ESTATE
Mls Name: Northeast South Dakota BOR
Mls ID: #26-9036
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.