1849 Russell StSpearfishSD57783
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe income profile at 1849 Russell St, Spearfish, SD, 57783 in Spearfish is straightforward: $580,000 in, $4,808/mo in rent, $1,143/mo out after debt service. The 9.95% gross yield and 1.84 DSCR make this exactly the kind of asset Ziffy Mortgage finances for non-U.S. residents without income documentation. Appreciation at 5%/yr adds $160,243 by year five. With $5,342/yr in principal equity, the total cumulative return is projected at $293,801.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10% | 5.4% |
| Monthly Cash Flow | $1,143 | $1,250 |
City averages based on Spearfish market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $4,808 |
| Total Monthly Debt Service | $3,435 |
| DSCR Ratio | 1.40x |
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 2016
0.42 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57783, Spearfish, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,896 (100%) |
| Owner Occupied HU | 4,819 (54.2%) |
| Renter Occupied HU | 3,135 (35.2%) |
| Vacant Housing Units | 942 (10.6%) |
| Median Home Value | $357,200 |
| Average Home Value | $433,585 |
Housing Distribution
Address Breakdown
Residential
7,630
Single Family
6,881
Multi-Family
749
Businesses
978
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 2016
0.42 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57783, Spearfish, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,896 (100%) |
| Owner Occupied HU | 4,819 (54.2%) |
| Renter Occupied HU | 3,135 (35.2%) |
| Vacant Housing Units | 942 (10.6%) |
| Median Home Value | $357,200 |
| Average Home Value | $433,585 |
Housing Distribution
Address Breakdown
Residential
7,630
Single Family
6,881
Multi-Family
749
Businesses
978
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: RILEY MCMANIGAL • RE/MAX ADVANTAGE
Mls Name: Black Hills AOR
Mls ID: #174799