Silver Canoe Way LOT 3PierreSD57501
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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 Silver Canoe Way LOT 3, Pierre, SD, 57501 generates $866/mo in rent and, after a $563/mo payment, leaves $139/mo in cash flow. Total monthly income is $866/mo, and annual cash flow is $1,670/yr on $38,123 invested. Return on cash invested sits at 24.29% in year one, and rental yield is 9.04% on a $115,000 entry. Equity gained on principal adds $742/yr, while 5% annual appreciation builds toward $31,772 over five years. Five-year ROI reaches 126.63% and total cumulative return in cash sums $48,273. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $866/mo property income rather than buyer’s personal income.
Single Family
Built in N/A
4.77 Acres 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: Ben Doty • Whitetail Properties Real Estate LLC
Mls Name: My State MLS
Mls ID: #11597369