509 N 3rd StAberdeenSD57401
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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 Aberdeen at 509 N 3rd St, Aberdeen, SD, 57401 generates $873/mo in rent and, after a $565/mo payment, leaves $144/mo in cash flow. Total monthly income is $873/mo, and annual cash flow is $1,723/yr on $38,255 invested. Return on cash invested sits at 24.41% in year one, and rental yield is 9.08% on a $115,400 entry. Equity gained on principal adds $745/yr, while 5% annual appreciation builds toward $31,883 over five years. Five-year ROI reaches 127.24% and total cumulative return in cash sums $48,675. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $873/mo property income rather than buyer’s personal income.
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
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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.