507 N Bismark 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 507 N Bismark St, Parkston, SD, 57366 listed at $178,000 pairs $2,108/mo rent with a $871/mo payment to leave $983/mo cash flow. Total monthly income runs $2,108/mo, and annual cash flow reaches $11,800/yr on $59,007 cash to close. Return on cash invested measures 39.91% in year one, and rental yield registers 14.21% at a $178,000 basis. Equity gained on principal adds $1,149/yr, and annual property appreciation at 5% supports $49,178 by year five. Five-year ROI tracks 210.3% and total cumulative return in cash totals $124,093. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,108/mo property income relative to a $871/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1976
10,018 sqft 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: Rebecca Kiner • Mitchell Realty LLC
Mls Name: Mitchell BOR
Mls ID: #25-413