1802 Morningside DrBrookingsSD57006
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThis Brookings rental at 1802 Morningside Dr, Brookings, SD, 57006 sits in the solid-income band: 9.62% gross yield, $2,023/mo rent, $428/mo net after the $1,135/mo debt service, DSCR 1.78. Entry price of $252,400 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 $69,733 and $2,325/yr in principal reduction bring total cumulative return to $123,418.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.6% | 4.2% |
| Monthly Cash Flow | $428 | $850 |
City averages based on Brookings market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,023 |
| Total Monthly Debt Service | $1,495 |
| DSCR Ratio | 1.35x |
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 1960
7,361 sqft 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 1960
7,361 sqft 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: undefined
Mls ID: #N/A