501 E Maple StParkstonSD57366
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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 Parkston at 501 E Maple St, Parkston, SD, 57366 offers a 9.36% rental yield on a $235,900 purchase with $1,841/mo rent. Total monthly income registers $1,841/mo, and a $1,155/mo payment leaves $350/mo available for distribution. Annual cash flow reaches $4,198/yr on $78,201 to close, and return on cash invested stands at 25.28% in year one. Equity gained on principal adds $1,522/yr while 5% annual appreciation supports $65,175 over five years. Portfolio math shows five-year ROI at 131.8% and total cumulative return in cash at $103,067. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,841/mo property income against a $1,155/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1947
0.38 Acres 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
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Listed by: Cindy L Hockett-Sommervold • The Experience Real Estate, Inc
Mls Name: Mitchell BOR
Mls Provider:
Mls ID: #25-231
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.