1034 N Euclid Ave · Pierre, SD 57501

$30,000

3 bd · 1.5 ba · 744 sqft · Manufactured public records · 17 Days on market

Built 1974

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Why this score? — see what drove the B grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Schools +4.4/10.0
• Livability +3.7/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Opportunity is knocking!Great home for someone looking for a rental property, first home owner or maybe someone looking to down size as all of the updates have been DONE!This 3 bdrm, 2 Bath home has NEW siding, insulation, sheetrock, floor coverings, kitchen cabinets, counter tops & bathroom fixtures in primary bedroom. New panel & wiring in 2019.Lot Rent is $225.00 & includes garbage, water & sewer

Key facts

• Updated sheetrock
• Updated siding
• Updated counter tops

Tags

• UPDATED SIDING
• UPDATED INSULATION
• UPDATED SHEETROCK
• UPDATED FLOOR COVERINGS
• UPDATED KITCHEN CABINETS
• UPDATED COUNTER TOPS

Property features AI

Finance

• Financial info: Annual tax amount listed

Exterior

• Home design: Single-family residence; One story
• Construction: Vinyl siding; Mobile home length 62 ft
• Exterior features: Porch

Interior

• Kitchen: Microwave; Dishwasher; Range; Refrigerator
• Flooring: Linoleum
• Bathrooms: 1 full bathroom; 1 half bathroom
• Heating & cooling: Forced air heating; Wall/window cooling units
• Interior features: Microwave, Dishwasher, Range, Refrigerator; Linoleum flooring; Seven total rooms; No basement

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath manufactured listed at $30k.

Deal economics

• At list price, monthly cash flow is $752 ($9k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $30k).
• Recommended offer: $30k (1.5% below list) — sets the bar for market timing.
• Cap rate 36.4% vs local median 3.4% in Pierre — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 74/100 on livability (#31 in SD, #4,502 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: crime F, amenities F, commute F.
• Pierre School District 32-2 (town): math 47% / reading 54% proficiency, ranked #24 of 59 in SD (top 41%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: Jefferson Elementary - 06 (math 44% / reading 45%, grade F, #144 of 253 statewide, top 63%, 430 students, 34% FRL); Georgia Morse Middle School - 02 (math 46% / reading 53%, grade C, #55 of 143 statewide, top 46%, 684 students, 26% FRL); T F Riggs High School - 01 (math 42% / reading 67%, grade C-, #53 of 151 statewide, top 41%, 842 students, 17% FRL) — zoned schools at 26% FRL track the district average.
• Market conditions: 130 active listings in the ZIP; solid renter incomes; 135 units permitted in Hughes County in 2024 (115 in 5+ unit buildings).
• This rent is only 18% of the median local income ($82k/yr) — well below the 30% rent-burden line; pricing power to push rent on renewal without tenant pushback.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $207 of loan paydown is wiped out by about $900 of value loss. Plan a longer hold.
• Hughes County population projected at +14% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $8k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 17 days — a 2% lower offer ($30k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 2y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Recommended offer $29,550 (1.5% below list)

Questions for the listing agent

1. Built in 1974 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
4. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
5. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
6. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 4.05% ✓
• Cap rate: 36.38%
• Cash-on-cash: 107.45%
• DSCR: 5.78
• GRM: 2.1

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: —
• Equity multiple: 6.13×
• Total profit: $43,060
• Equity at exit: $4,473

10-year hold

• IRR: —
• Equity multiple: 12.82×
• Total profit: $99,253
• Equity at exit: $2,594

Cash invested: $8,400 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 83 Strongly Landlord-Friendly
• State South Dakota: 83 Strongly Landlord-Friendly · R+16
• County: — inherits STATE
• City: — inherits STATE

3-day notice; mostly landlord-friendly.

Methodology + full state rankings →

ZIP-level market 57501

• Active inventory: 130
• Price-to-rent: 2.1×

Monthly cashflow live

• Estimated rent: $1,214 medium
• Mortgage (P&I): −$157
• Tax est. 1.5%: −$38 /mo · $450/yr
• Insurance: −$12
• HOA: −$0
• Vacancy / Maint / Mgmt: −$255
• Net cashflow: $752

Break-even live

Break-even rent $262

Max offer price $30,000

Occupancy floor 33%

Sensitivity live

Price	-10% $773	-5% $762	+0% $752	+5% $742	+10% $731
Rent	-10% $656	-5% $704	+0% $752	+5% $800	+10% $848
Rate	-1.0pp $767	-0.5pp $760	base $752	+0.5pp $744	+1.0pp $736

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $7,500
• Closing costs: $900
• Reserves months: —
• Total cash needed: —

Listing history 11 events

1. 2026-06-22
   days on market $30,000 Active 17 DOM
2. 2026-06-19
   days on market $30,000 Active 14 DOM
3. 2026-06-18
   days on market $30,000 Active 13 DOM
4. 2026-06-17
   days on market $30,000 Active 12 DOM
5. 2026-06-16
   days on market $30,000 Active 11 DOM
6. 2026-06-15
   days on market $30,000 Active 10 DOM
7. 2026-06-14
   days on market $30,000 Active 8 DOM
8. 2026-06-12
   days on market $30,000 Active 7 DOM
9. 2026-06-09
   days on market $30,000 Active 4 DOM
10. 2026-06-08
    days on market $30,000 Active 3 DOM
11. 2026-06-07
    listed $30,000 Active 2 DOM

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Taxation est. · year 1

• Rental income: $14,574
• − Mortgage interest: −$1,680
• − Property taxes: −$450
• − Insurance: −$150
• − Repairs & maintenance: −$1,166
• − Management: −$1,166
• − Depreciation: −$873
• Taxable income: $9,089
• Est. tax owed @ 24.0%: −$2,181
• After-tax cash flow: $6,844/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Pierre School District 32-2
• NCES district ID: 4655260
• Math proficiency: 47% ▼ -6.00%
• Reading proficiency: 54% ▼ -4.00%
• Median HH income: $57,931
• Composite: 43.93/100
• National rank: #2909
• State rank: #24 of 59 in SD

Livability — Pierre

• Score: 74/100
• State rank: #31
• US rank: #4502

Category grades

Amenities F Commute F Cost of living A+ Crime F Employment A Housing A+ Health & safety A+ User ratings B

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Pierre, SD
• County: Hughes County · 17,326 people
• City population: 17,326
• Metro: Pierre, SD
• Population (ZIP): 17,326
• Household income: $81,791
• Rent vs Own: 28.0% rent · 72.0% own
• Severe rent burden: 226.0

Population outlook (Hughes County) Hauer SSP2

• Today (2025): 18,429 people
• By 2030: 18,861 · +2.3%
• By 2040: 19,778 · +7.3%
• By 2050: 20,979 · +13.8%
• By 2075: 27,077 · +46.9%
• By 2100: 36,716 · +99.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (81%)
• Race & ethnicity: White 81% Native American 11% Two or more races 6% Hispanic / Latino 3%
• Common ancestry: Portuguese 12% Iranian 4% Romanian 2%
• Foreign-born: 1% · Vietnam, Canada
• Languages at home: 96% English-only · Spanish 2% Vietnamese 1%

Political lean MEDSL · Hughes

• 2024 margin: Solid R (+30.1) · D 33.6% · R 63.8% · Other 2.6%
• 2008→2024 swing: -3.4pp toward R · 2008: -26.7pp · 2024: -30.1pp
• All cycles: 2024: R+30.1 2020: R+29.4 2016: R+33.4 2012: R+29.8 2008: R+26.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -129.77%
• Current HPI: 198.7322
• Rent YoY: —
• Metro: Pierre, SD
• State GDP YoY: ▲ 0.70%
• F500 in state: 2

Industry mix (Fortune 500 HQ in SD)

Industry	F500 HQs	Revenue
▸Utilities	1	$1B

Price history

+400.0% since first listed

5 events — show timeline

• 2026-06-05 Listed $30,000 CSDBR
• 2024-06-07 Sold (MLS) $27,000 CSDBR
• 2024-06-03 Contingent — CSDBR
• 2024-05-20 Listed $30,000 CSDBR
• 2015-10-30 Sold (Public Records) $6,000 Public Records

Property tax history

+5.3%/yr

Latest (2025): $31 · -1.3% YoY. Source: county tax records.