302 Kline AveFlorenceSD57235
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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
Rental property for sale in Florence at 302 Kline Ave, Florence, SD, 57235 priced at $249,900 converts $1,836/mo rent into $257/mo cash flow after a $1,223/mo obligation. Total monthly income equals $1,836/mo, and annual cash flow totals $3,083/yr on $82,842 invested. Return on cash invested prints 23.63% in year one, and rental yield reads 8.82% against a $249,900 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation compiles into $69,043 by year five. Five-year ROI reaches 122.97% and total cumulative return in cash sums $101,870. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,836/mo property income covering a $1,223/mo payment, not borrower’s personal income.
Single Family
Built in 1906
6,969 sqft 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: Morgan Hoff • REAL ESTATE PROFESSIONALS
Mls Name: Northeast South Dakota BOR
Mls ID: #33-1864
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.