587 W 2nd StParkerSD57053
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayAt a 0% gross rental yield, 587 W 2nd St, Parker, SD, 57053 in Parker is priced for capital growth, not immediate cash flow. The $365,000 purchase reflects market confidence in future value: at 5%/yr, the property is forecast to gain $100,843 by year five, with $3,362/yr in additional equity from loan paydown. Ziffy Mortgage's DSCR mortgage (0.00) qualifies for non-U.S. residents without personal income documents.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 0% | 6.2% |
| Monthly Cash Flow | $0 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
Single Family
Built in 1999
0.47 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57053, Parker, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 867 (100%) |
| Owner Occupied HU | 691 (79.7%) |
| Renter Occupied HU | 116 (13.4%) |
| Vacant Housing Units | 60 ( 6.9%) |
| Median Home Value | $291,000 |
| Average Home Value | $341,776 |
Housing Distribution
Address Breakdown
Residential
542
Single Family
538
Multi-Family
4
Businesses
89
Nearby investment properties with comparable rents
No similar rental properties found nearby.
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 1999
0.47 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57053, Parker, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 867 (100%) |
| Owner Occupied HU | 691 (79.7%) |
| Renter Occupied HU | 116 (13.4%) |
| Vacant Housing Units | 60 ( 6.9%) |
| Median Home Value | $291,000 |
| Average Home Value | $341,776 |
Housing Distribution
Address Breakdown
Residential
542
Single Family
538
Multi-Family
4
Businesses
89
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices
Listed by: Natalie A Barber • 605 Real Estate LLC
Mls Name: Realtor Association of the Sioux Empire
Mls ID: #22505585