462 E 2nd StParkerSD57053
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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 Parker at 462 E 2nd St, Parker, SD, 57053 uses $71,902 cash to close to unlock $3,395/yr annual cash flow and $283/mo monthly cash flow. Total monthly income runs $1,654/mo, and a $1,062/mo payment keeps the spread at $283/mo. Purchase price stands at $216,900, and rental yield measures 9.15% with $1,654/mo rent. Return on cash invested shows 24.63% in year one, and 5% annual appreciation builds toward $59,925 over five years. Five-year ROI reaches 128.34% and total cumulative return in cash records $92,278. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,654/mo property income covering a $1,062/mo payment rather than investor’s personal income.
Single Family
Built in 1917
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57053, Parker, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 867 (100%) |
| Owner Occupied HU | 691 (79.7%) |
| Renter Occupied HU | 116 (13.4%) |
| Vacant Housing Units | 60 ( 6.9%) |
| Median Home Value | $291,000 |
| Average Home Value | $341,776 |
Housing Distribution
Address Breakdown
Residential
542
Single Family
538
Multi-Family
4
Businesses
89
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Listed by: N/A • N/A
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