1122 Sparks AveHerrickSD57538
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe income profile at 1122 Sparks Ave, Herrick, SD, 57538 in Herrick is straightforward: $155,000 in, $1,452/mo in rent, $472/mo out after debt service. The 11.24% gross yield and 1.98 DSCR make this exactly the kind of asset Ziffy Mortgage finances for non-U.S. residents without income documentation. Appreciation at 5%/yr adds $42,824 by year five. With $1,299/yr in principal equity, the total cumulative return is projected at $86,383.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 11.2% | 6.2% |
| Monthly Cash Flow | $472 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $1,452 |
| Total Monthly Debt Service | $956 |
| DSCR Ratio | 1.52x |
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 6.5% rate / 30-yr fixed, 25% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1920
0.96 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57538, Herrick, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 104 (100%) |
| Owner Occupied HU | 50 (48.1%) |
| Renter Occupied HU | 17 (16.3%) |
| Vacant Housing Units | 37 (35.6%) |
| Median Home Value | $230,000 |
| Average Home Value | $254,950 |
Housing Distribution
Address Breakdown
Residential
96
Single Family
96
Multi-Family
0
Businesses
16
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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
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Listed by: N/A • N/A
Mls Name: My State MLS
Mls ID: #11802766
