400 1st StFlorenceSD57235
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
Rental property for sale in Florence at 400 1st St, Florence, SD, 57235 offers $1,688/mo rent that, after a $1,150/mo payment, leaves $203/mo cash flow. Total monthly income is $1,688/mo, and annual cash flow is $2,438/yr on $77,903 cash. Return on cash invested measures 23.04% in year one, and rental yield stands at 8.62% at a $235,000 entry. Equity gained on principal adds $1,516/yr while 5% annual appreciation compounds into $64,926 by year five. Five-year ROI records 119.85% and total cumulative return in cash reaches $93,364. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,688/mo property income versus a $1,150/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1920
0.28 Acres 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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Nearby investment properties with comparable prices
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