1827 Overlook Ridge RdBrookingsSD57006
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderInvestors who treat current yield as secondary to long-run equity growth will find 1827 Overlook Ridge Rd, Brookings, SD, 57006 in Brookings worth modelling. At $475,000 with a 7.86% gross yield, the $3,113/mo rent leaves $94/mo after the $2,136/mo payment, sufficient to cover costs, modest in distribution. Ziffy Mortgage's 1.46 DSCR loan can finance the acquisition without personal income documentation. Appreciation of 5%/yr is projected to add $131,234 by year five; $4,375/yr in principal reduction adds further equity. Total projected return: $186,554.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.9% | 4.2% |
| Monthly Cash Flow | $94 | $850 |
City averages based on Brookings market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,113 |
| Total Monthly Debt Service | $2,829 |
| DSCR Ratio | 1.10x |
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 2005
0.25 Acres lot
$N/A/sqft
$200 annually 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 2005
0.25 Acres lot
$N/A/sqft
$200 annually 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