28866 Merry RdPierreSD57501
Nearby investment properties with comparable rents
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 Pierre at 28866 Merry Rd, Pierre, SD, 57501 earns $280/mo cash flow from $2,232/mo rent with a $1,512/mo payment. Total monthly income totals $2,232/mo, and annual cash flow totals $3,356/yr on $102,434 capital. ROI tracks 23.19% on current figures, and rental yield reads 8.67% at a $309,000 purchase. Equity gained on principal adds $1,994/yr, and 5% annual appreciation supports $85,371 over five years. Five-year ROI reaches 120.59% and total cumulative return in cash sums $123,521. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,232/mo property income instead of your personal income.
Single Family
Built in 1981
0.69 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57501, Pierre, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,959 (100%) |
| Owner Occupied HU | 4,876 (61.3%) |
| Renter Occupied HU | 2,256 (28.3%) |
| Vacant Housing Units | 827 (10.4%) |
| Median Home Value | $253,378 |
| Average Home Value | $296,914 |
Housing Distribution
Address Breakdown
Residential
7,625
Single Family
6,604
Multi-Family
1,021
Businesses
1,013
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Meredith Lee • Lee Real Estate
Mls Name: Central South Dakota BOR
Mls ID: #25-587