402 E 1st 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 402 E 1st St, Marion, SD, 57043 listed at $109,500 pairs $880/mo rent with a $536/mo payment to leave $188/mo cash flow. Total monthly income runs $880/mo, and annual cash flow reaches $2,256/yr on $36,299 cash to close. Return on cash invested measures 26.12% in year one, and rental yield registers 9.64% at a $109,500 basis. Equity gained on principal adds $707/yr, and annual property appreciation at 5% supports $30,253 by year five. Five-year ROI tracks 136.36% and total cumulative return in cash totals $49,499. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $880/mo property income relative to a $536/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1906
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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