402 3rd AveChesterSD57016
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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 Chester at 402 3rd Ave, Chester, SD, 57016 offers a 8.64% rental yield on a $208,000 purchase with $1,498/mo rent. Total monthly income registers $1,498/mo, and a $1,018/mo payment leaves $184/mo available for distribution. Annual cash flow reaches $2,203/yr on $68,952 to close, and return on cash invested stands at 23.1% in year one. Equity gained on principal adds $1,342/yr while 5% annual appreciation supports $57,467 over five years. Portfolio math shows five-year ROI at 120.17% and total cumulative return in cash at $82,860. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,498/mo property income against a $1,018/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1952
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57016, Chester, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 413 (100%) |
| Owner Occupied HU | 244 (59.1%) |
| Renter Occupied HU | 43 (10.4%) |
| Vacant Housing Units | 126 (30.5%) |
| Median Home Value | $382,353 |
| Average Home Value | $414,457 |
Housing Distribution
Address Breakdown
Residential
156
Single Family
156
Multi-Family
0
Businesses
22
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