112 Pershing AveWessington SpringsSD57382
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayInvestors who prioritise long-run asset value over immediate income should consider 112 Pershing Ave, Wessington Springs, SD, 57382 in Wessington Springs. Rental yield 3.69%. At $600,000 with 3.69% gross yield, current distributions are modest, but the 5% appreciation rate projects $165,769 in new equity by year five, complemented by $5,526/yr in principal paydown. Ziffy Mortgage's DSCR loan (0.68) allows non-U.S. residents to acquire without W-2s or domestic credit. Total projected five-year cumulative return: $102,440.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 3.7% | 6.2% |
| Monthly Cash Flow | $(1,948) | $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 | $1,843 |
| Total Monthly Debt Service | $3,553 |
| DSCR Ratio | 0.52x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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 2022
1.38 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57382, Wessington Springs, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 740 (100%) |
| Owner Occupied HU | 453 (61.2%) |
| Renter Occupied HU | 124 (16.8%) |
| Vacant Housing Units | 163 (22.0%) |
| Median Home Value | $139,063 |
| Average Home Value | $259,972 |
Housing Distribution
Address Breakdown
Residential
498
Single Family
434
Multi-Family
64
Businesses
107
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 2022
1.38 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57382, Wessington Springs, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 740 (100%) |
| Owner Occupied HU | 453 (61.2%) |
| Renter Occupied HU | 124 (16.8%) |
| Vacant Housing Units | 163 (22.0%) |
| Median Home Value | $139,063 |
| Average Home Value | $259,972 |
Housing Distribution
Address Breakdown
Residential
498
Single Family
434
Multi-Family
64
Businesses
107
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Cheryl Weeman • Mitchell Realty LLC
Mls Name: Mitchell BOR
Mls ID: #26-3