105 W 6th StRedfieldSD57469
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThis Redfield rental at 105 W 6th St, Redfield, SD, 57469 sits in the solid-income band: 8.8% gross yield, $2,192/mo rent, $303/mo net after the $1,344/mo debt service, DSCR 1.63. Entry price of $299,000 is well-calibrated for the income it produces. Ziffy Mortgage finances this type of asset on rental income alone, no tax returns, no U.S. credit profile. Projected five-year appreciation of $82,608 and $2,754/yr in principal reduction bring total cumulative return to $133,032.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 8.8% | 6.2% |
| Monthly Cash Flow | $303 | $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 | $2,192 |
| Total Monthly Debt Service | $1,771 |
| DSCR Ratio | 1.24x |
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 2015
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57469, Redfield, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,603 (100%) |
| Owner Occupied HU | 893 (55.7%) |
| Renter Occupied HU | 460 (28.7%) |
| Vacant Housing Units | 250 (15.6%) |
| Median Home Value | $157,830 |
| Average Home Value | $194,818 |
Housing Distribution
Address Breakdown
Residential
1,402
Single Family
1,218
Multi-Family
184
Businesses
182
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 2015
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57469, Redfield, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,603 (100%) |
| Owner Occupied HU | 893 (55.7%) |
| Renter Occupied HU | 460 (28.7%) |
| Vacant Housing Units | 250 (15.6%) |
| Median Home Value | $157,830 |
| Average Home Value | $194,818 |
Housing Distribution
Address Breakdown
Residential
1,402
Single Family
1,218
Multi-Family
184
Businesses
182
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: My State MLS
Mls ID: #11678004