206 2nd StArmourSD57313
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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 Armour at 206 2nd St, Armour, SD, 57313 offers a 5.95% rental yield on a $265,000 purchase with $1,315/mo rent. Equity gained on principal adds $1,710/yr while 5% annual appreciation supports $73,215 over five years. Portfolio math shows five-year ROI at 76.7% and total cumulative return in cash at $67,383. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,315/mo property income against a $1,297/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1890
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57313, Armour, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 557 (100%) |
| Owner Occupied HU | 355 (63.7%) |
| Renter Occupied HU | 106 (19.0%) |
| Vacant Housing Units | 96 (17.2%) |
| Median Home Value | $139,773 |
| Average Home Value | $238,296 |
Housing Distribution
Address Breakdown
Residential
263
Single Family
257
Multi-Family
6
Businesses
71
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Listed by: Cheryl Weeman • Mitchell Realty LLC
Mls Name: Mitchell BOR
Mls ID: #26-12