217 S Clark AveIreneSD57037
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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 Irene at 217 S Clark Ave, Irene, SD, 57037 offers a 0% rental yield on a $194,900 purchase with $0/mo rent. 97% in year one. Equity gained on principal adds $1,258/yr while 5% annual appreciation supports $53,847 over five years. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $0/mo property income against a $954/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1920
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57037, Irene, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 431 (100%) |
| Owner Occupied HU | 302 (70.1%) |
| Renter Occupied HU | 76 (17.6%) |
| Vacant Housing Units | 53 (12.3%) |
| Median Home Value | $193,750 |
| Average Home Value | $282,070 |
Housing Distribution
Address Breakdown
Residential
300
Single Family
300
Multi-Family
0
Businesses
31
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Listed by: Nick R Eichacker • Falls Real Estate
Mls Name: Realtor Association of the Sioux Empire
Mls ID: #22505396