501 Spruce StAuroraSD57002
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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
Rental property for sale in Aurora at 501 Spruce St, Aurora, SD, 57002 generates $3,006/mo in rent, after a $2,447/mo payment. Total monthly income is $3,006/mo. Return on cash invested sits at 18.68% in year one, and rental yield is 7.22% on a $499,900 entry. Equity gained on principal adds $3,226/yr, while 5% annual appreciation builds toward $138,113 over five years. Five-year ROI reaches 96.44% and total cumulative return in cash sums $159,816. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,006/mo property income rather than buyer’s personal income.
Single Family
Built in 2021
10,225 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57002, Aurora, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 722 (100%) |
| Owner Occupied HU | 531 (73.5%) |
| Renter Occupied HU | 103 (14.3%) |
| Vacant Housing Units | 88 (12.2%) |
| Median Home Value | $264,928 |
| Average Home Value | $304,722 |
Housing Distribution
Address Breakdown
Residential
516
Single Family
500
Multi-Family
16
Businesses
19
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Listed by: Matt Krogman • Century 21 Krogman & Company
Mls Name: East Central South Dakota BOR
Mls ID: #25-360