Silver Canoe Way LOT 4PierreSD57501
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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 Pierre at Silver Canoe Way LOT 4, Pierre, SD, 57501 uses $38,123 cash to close to unlock $1,910/yr annual cash flow and $159/mo monthly cash flow. Total monthly income runs $886/mo, and a $563/mo payment keeps the spread at $159/mo. Purchase price stands at $115,000, and rental yield measures 9.25% with $886/mo rent. Return on cash invested shows 24.92% in year one, and 5% annual appreciation builds toward $31,772 over five years. Five-year ROI reaches 129.99% and total cumulative return in cash records $49,557. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $886/mo property income covering a $563/mo payment rather than investor’s personal income.
Single Family
Built in N/A
4.88 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: #11597355