404 S 1st StParkstonSD57366
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
Investment property for sale in Parkston at 404 S 1st St, Parkston, SD, 57366 uses $59,670 cash to close to unlock $3,474/yr annual cash flow and $290/mo monthly cash flow. Total monthly income runs $1,427/mo, and a $881/mo payment keeps the spread at $290/mo. Purchase price stands at $180,000, and rental yield measures 9.51% with $1,427/mo rent. Return on cash invested shows 25.73% in year one, and 5% annual appreciation builds toward $49,731 over five years. Five-year ROI reaches 134.29% and total cumulative return in cash records $80,129. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,427/mo property income covering a $881/mo payment rather than investor’s personal income.
Single Family
Built in 1912
9,060 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57366, Parkston, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,074 (100%) |
| Owner Occupied HU | 737 (68.6%) |
| Renter Occupied HU | 214 (19.9%) |
| Vacant Housing Units | 123 (11.5%) |
| Median Home Value | $220,794 |
| Average Home Value | $291,136 |
Housing Distribution
Address Breakdown
Residential
728
Single Family
688
Multi-Family
40
Businesses
103
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Mike Bowar • Maxwell & Bowar Realty, LLC
Mls Name: My State MLS
Mls ID: #11550821