1020 2nd StScotlandSD57059
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowReliable, bankable, and well-priced, 1020 2nd St, Scotland, SD, 57059 in Scotland delivers $1,260/mo in gross rent and $382/mo in net monthly income at a $139,000 entry. The 10.88% yield and 2.02 DSCR make it a clean candidate for Ziffy Mortgage's DSCR loan; no W-2s or U.S. credit history required. With 5% annual appreciation projecting $38,403 over five years and $1,280/yr in equity from loan paydown, total projected return is $77,348.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 10.9% | 6.2% |
| Monthly Cash Flow | $382 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $1,260 |
| Total Monthly Debt Service | $823 |
| DSCR Ratio | 1.53x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1962
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57059, Scotland, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 672 (100%) |
| Owner Occupied HU | 447 (66.5%) |
| Renter Occupied HU | 111 (16.5%) |
| Vacant Housing Units | 114 (17.0%) |
| Median Home Value | $153,423 |
| Average Home Value | $191,963 |
Housing Distribution
Address Breakdown
Residential
389
Single Family
368
Multi-Family
21
Businesses
63
Nearby investment properties with comparable rents
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 1962
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57059, Scotland, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 672 (100%) |
| Owner Occupied HU | 447 (66.5%) |
| Renter Occupied HU | 111 (16.5%) |
| Vacant Housing Units | 114 (17.0%) |
| Median Home Value | $153,423 |
| Average Home Value | $191,963 |
Housing Distribution
Address Breakdown
Residential
389
Single Family
368
Multi-Family
21
Businesses
63
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Dean Sternhagen • Vision Real Estate Services
Mls Name: Meridian AOR
Mls ID: #116915