509 N 3rd StAberdeenSD57401
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThis is a cash-flow-light asset: 509 N 3rd St, Aberdeen, SD, 57401 in Aberdeen, $115,400, 9.57% gross yield, $191/mo net income. Consider it a market-entry position, the $873/mo rent covers the $519/mo payment with a margin, and 5%/yr appreciation is projected to add $31,883 to the asset's value over five years. Ziffy Mortgage approves DSCR loans (coverage 1.68) for non-U.S. residents without domestic income documentation. Consider a higher down payment to widen the monthly margin. Total projected return: $53,098.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.6% | 5.8% |
| Monthly Cash Flow | $191 | $850 |
City averages based on Aberdeen market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $873 |
| Total Monthly Debt Service | $683 |
| DSCR Ratio | 1.28x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, 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 1927
7,100 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57401, Aberdeen, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,256 (100%) |
| Owner Occupied HU | 8,448 (55.4%) |
| Renter Occupied HU | 5,349 (35.1%) |
| Vacant Housing Units | 1,459 ( 9.6%) |
| Median Home Value | $272,732 |
| Average Home Value | $316,937 |
Housing Distribution
Address Breakdown
Residential
14,624
Single Family
11,282
Multi-Family
3,342
Businesses
1,209
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 1927
7,100 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57401, Aberdeen, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,256 (100%) |
| Owner Occupied HU | 8,448 (55.4%) |
| Renter Occupied HU | 5,349 (35.1%) |
| Vacant Housing Units | 1,459 ( 9.6%) |
| Median Home Value | $272,732 |
| Average Home Value | $316,937 |
Housing Distribution
Address Breakdown
Residential
14,624
Single Family
11,282
Multi-Family
3,342
Businesses
1,209
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Sheryl Erickson • ERICKSON & ASSOCIATES-REALTORS, LLC
Mls Name: Aberdeen MLS
Mls Provider:
Mls ID: #25-184
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.