48237 Virginia RdAlcesterSD57001
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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 Alcester at 48237 Virginia Rd, Alcester, SD, 57001 offers a 7.54% rental yield on a $400,000 purchase with $2,513/mo rent. 77% in year one. Equity gained on principal adds $2,581/yr while 5% annual appreciation supports $110,513 over five years. Portfolio math shows five-year ROI at 102.27% and total cumulative return in cash at $135,616. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,513/mo property income against a $1,958/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1928
3.56 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57001, Alcester, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 887 (100%) |
| Owner Occupied HU | 620 (69.9%) |
| Renter Occupied HU | 204 (23.0%) |
| Vacant Housing Units | 63 ( 7.1%) |
| Median Home Value | $196,474 |
| Average Home Value | $234,093 |
Housing Distribution
Address Breakdown
Residential
477
Single Family
457
Multi-Family
20
Businesses
49
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Listed by: Ryan Zomer • Zomer Company
Mls Name: My State MLS
Mls ID: #11329812