503 S Pierce AvePierreSD57501
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderCapital preservation and steady income define 503 S Pierce Ave, Pierre, SD, 57501 in Pierre. Rental yield 7.31%. The 1.23 coverage passes Ziffy Mortgage's DSCR threshold for non-U.S. residents. Five-year appreciation of $90,897 and $3,030/yr in principal reduction project total return of $108,143.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.3% | 6.8% |
| Monthly Cash Flow | $(80) | $450 |
City averages based on Pierre market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,817 |
| Total Monthly Debt Service | $1,948 |
| DSCR Ratio | 0.93x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1954
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57501, Pierre, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,959 (100%) |
| Owner Occupied HU | 4,876 (61.3%) |
| Renter Occupied HU | 2,256 (28.3%) |
| Vacant Housing Units | 827 (10.4%) |
| Median Home Value | $253,378 |
| Average Home Value | $296,914 |
Housing Distribution
Address Breakdown
Residential
7,625
Single Family
6,604
Multi-Family
1,021
Businesses
1,013
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1954
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57501, Pierre, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,959 (100%) |
| Owner Occupied HU | 4,876 (61.3%) |
| Renter Occupied HU | 2,256 (28.3%) |
| Vacant Housing Units | 827 (10.4%) |
| Median Home Value | $253,378 |
| Average Home Value | $296,914 |
Housing Distribution
Address Breakdown
Residential
7,625
Single Family
6,604
Multi-Family
1,021
Businesses
1,013
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Cathy Sonnenschein • Cathy Sonnenschein Properties
Mls Name: Central South Dakota BOR
Mls ID: #25-372