1023 16th St SBrookingsSD57006
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeSolid, durable, and financeable, 1023 16th St S, Brookings, SD, 57006 in Brookings earns a 8.16% gross yield at $434,900. Rent of $2,956/mo nets $207/mo after the $1,956/mo mortgage. The 1.51 DSCR signals clean DSCR underwriting through Ziffy Mortgage, with no personal income verification required. Five-year value growth of $120,155 and $4,005/yr in equity accumulation project a total cumulative return of $178,522.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.2% | 4.2% |
| Monthly Cash Flow | $207 | $850 |
City averages based on Brookings market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,956 |
| Total Monthly Debt Service | $2,575 |
| DSCR Ratio | 1.15x |
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 2003
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57006, Brookings, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,948 (100%) |
| Owner Occupied HU | 5,648 (47.3%) |
| Renter Occupied HU | 4,963 (41.5%) |
| Vacant Housing Units | 1,337 (11.2%) |
| Median Home Value | $287,661 |
| Average Home Value | $318,758 |
Housing Distribution
Address Breakdown
Residential
11,158
Single Family
8,175
Multi-Family
2,983
Businesses
935
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 2003
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57006, Brookings, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,948 (100%) |
| Owner Occupied HU | 5,648 (47.3%) |
| Renter Occupied HU | 4,963 (41.5%) |
| Vacant Housing Units | 1,337 (11.2%) |
| Median Home Value | $287,661 |
| Average Home Value | $318,758 |
Housing Distribution
Address Breakdown
Residential
11,158
Single Family
8,175
Multi-Family
2,983
Businesses
935
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: East Central South Dakota BOR
Mls ID: #26-65