512 N Grand AvePierreSD57501
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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 Pierre at 512 N Grand Ave, Pierre, SD, 57501 offers $2,504/mo rent that, after a $1,904/mo payment, leaves $46/mo cash flow. Total monthly income is $2,504/mo, and annual cash flow is $548/yr on $128,954 cash. Return on cash invested measures 20.33% in year one, and rental yield stands at 7.72% at a $389,000 entry. Equity gained on principal adds $2,510/yr while 5% annual appreciation compounds into $107,474 by year five. Five-year ROI records 105.29% and total cumulative return in cash reaches $135,774. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,504/mo property income versus a $1,904/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1937
6,560 sqft 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
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Listed by: N/A • N/A
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Mls ID: #N/A