197 S Cherry AveParkerSD57053
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices
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 Parker at 197 S Cherry Ave, Parker, SD, 57053 offers a 0% rental yield on a $235,000 purchase with $0/mo rent. 96% in year one. Equity gained on principal adds $1,516/yr while 5% annual appreciation supports $64,926 over five years. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $0/mo property income against a $1,150/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
10,833 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57053, Parker, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 867 (100%) |
| Owner Occupied HU | 691 (79.7%) |
| Renter Occupied HU | 116 (13.4%) |
| Vacant Housing Units | 60 ( 6.9%) |
| Median Home Value | $291,000 |
| Average Home Value | $341,776 |
Housing Distribution
Address Breakdown
Residential
542
Single Family
538
Multi-Family
4
Businesses
89
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices
Listed by: David H Mettler • Keller Williams Realty Sioux Falls
Mls Name: Realtor Association of the Sioux Empire
Mls ID: #22505986