902 S 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
Investment property for sale in Aberdeen at 902 S 3rd St, Aberdeen, SD, 57401 uses $39,449 cash to close to unlock $2,261/yr annual cash flow and $188/mo monthly cash flow. Total monthly income runs $940/mo, and a $582/mo payment keeps the spread at $188/mo. Purchase price stands at $119,000, and rental yield measures 9.48% with $940/mo rent. Return on cash invested shows 25.64% in year one, and 5% annual appreciation builds toward $32,878 over five years. Five-year ROI reaches 133.83% and total cumulative return in cash records $52,793. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $940/mo property income covering a $582/mo payment rather than investor’s personal income.
Single Family
Built in 1906
2,996 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: Jonathan Webb • FIRST PREMIER REALTY, LLC
Mls Name: Aberdeen MLS
Mls ID: #25-328