304 W Florida StMarionSD57043
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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 Marion at 304 W Florida St, Marion, SD, 57043 uses $94,478 cash to close to unlock $1,210/yr annual cash flow and $101/mo monthly cash flow. Total monthly income runs $1,902/mo, and a $1,395/mo payment keeps the spread at $101/mo. Purchase price stands at $285,000, and rental yield measures 8.01% with $1,902/mo rent. Return on cash invested shows 21.19% in year one, and 5% annual appreciation builds toward $78,740 over five years. Five-year ROI reaches 109.89% and total cumulative return in cash records $103,818. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,902/mo property income covering a $1,395/mo payment rather than investor’s personal income.
Single Family
Built in 1916
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57043, Marion, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 647 (100%) |
| Owner Occupied HU | 483 (74.7%) |
| Renter Occupied HU | 117 (18.1%) |
| Vacant Housing Units | 47 ( 7.3%) |
| Median Home Value | $313,855 |
| Average Home Value | $319,777 |
Housing Distribution
Address Breakdown
Residential
443
Single Family
403
Multi-Family
40
Businesses
52
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Listed by: N/A • N/A
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