418 W Pleasant DrPierreSD57501
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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 Pierre at 418 W Pleasant Dr, Pierre, SD, 57501 listed at $339,000 pairs $2,296/mo rent with a $1,659/mo payment to leave $154/mo cash flow. Total monthly income runs $2,296/mo, and annual cash flow reaches $1,847/yr on $112,379 cash to close. Return on cash invested measures 21.55% in year one, and rental yield registers 8.13% at a $339,000 basis. Equity gained on principal adds $2,188/yr, and annual property appreciation at 5% supports $93,659 by year five. Five-year ROI tracks 111.83% and total cumulative return in cash totals $125,668. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,296/mo property income relative to a $1,659/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1999
8,250 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57501, Pierre, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,959 (100%) |
| Owner Occupied HU | 4,876 (61.3%) |
| Renter Occupied HU | 2,256 (28.3%) |
| Vacant Housing Units | 827 (10.4%) |
| Median Home Value | $253,378 |
| Average Home Value | $296,914 |
Housing Distribution
Address Breakdown
Residential
7,625
Single Family
6,604
Multi-Family
1,021
Businesses
1,013
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Listed by: Meredith Lee • Lee Real Estate
Mls Name: Central South Dakota BOR
Mls ID: #25-528