502 W 2nd AveFort PierreSD57532
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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 Fort Pierre at 502 W 2nd Ave, Fort Pierre, SD, 57532 offers a 6.59% rental yield on a $323,900 purchase with $1,780/mo rent. 93% in year one. Equity gained on principal adds $2,090/yr while 5% annual appreciation supports $89,488 over five years. Portfolio math shows five-year ROI at 87.06% and total cumulative return in cash at $93,483. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,780/mo property income against a $1,585/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1962
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57532, Fort Pierre, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,453 (100%) |
| Owner Occupied HU | 1,020 (70.2%) |
| Renter Occupied HU | 244 (16.8%) |
| Vacant Housing Units | 189 (13.0%) |
| Median Home Value | $272,222 |
| Average Home Value | $329,140 |
Housing Distribution
Address Breakdown
Residential
1,100
Single Family
958
Multi-Family
142
Businesses
168
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Listed by: Rachel Olson • Premier Property
Mls Name: Central South Dakota BOR
Mls Provider:
Mls ID: #24-450
Disclaimer: IDX information is provided exclusively for consumers personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that data is deemed reliable but is not guaranteed accurate by the MLS.