319 N 2nd StAberdeenSD57401
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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 Aberdeen at 319 N 2nd St, Aberdeen, SD, 57401 priced at $122,000 converts $1,474/mo rent into $672/mo cash flow after a $597/mo obligation. Total monthly income equals $1,474/mo, and annual cash flow totals $8,060/yr on $40,443 invested. Return on cash invested prints 39.84% in year one, and rental yield reads 14.5% against a $122,000 entry. Equity gained on principal adds $787/yr, while 5% annual appreciation compiles into $33,706 by year five. Five-year ROI reaches 210.25% and total cumulative return in cash sums $85,031. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,474/mo property income covering a $597/mo payment, not borrower’s personal income.
Single Family
Built in 2008
5,325 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57401, Aberdeen, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,256 (100%) |
| Owner Occupied HU | 8,448 (55.4%) |
| Renter Occupied HU | 5,349 (35.1%) |
| Vacant Housing Units | 1,459 ( 9.6%) |
| Median Home Value | $272,732 |
| Average Home Value | $316,937 |
Housing Distribution
Address Breakdown
Residential
14,624
Single Family
11,282
Multi-Family
3,342
Businesses
1,209
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Listed by: Marisa Sundermeyer • Lunar Realty, LLC
Mls Name: Aberdeen MLS
Mls Provider:
Mls ID: #24-684
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.