202 5th St NEWessington SpringsSD57382
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowDay-one income is the story at 202 5th St NE, Wessington Springs, SD, 57382 in Wessington Springs. Priced at $199,500, it generates $1,872/mo in gross rent and $611/mo in net monthly cash flow, a 11.26% yield that comfortably supports the 2.09 DSCR needed for Ziffy Mortgage's no-W2 DSCR mortgage. Projected annual cash flow: $7,335. Five-year appreciation: $55,118. Equity from principal paydown: $1,837/yr. Total projected cumulative return: $115,119.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 11.3% | 6.2% |
| Monthly Cash Flow | $611 | $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 | $1,872 |
| Total Monthly Debt Service | $1,181 |
| DSCR Ratio | 1.58x |
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 1900
9,504 sqft 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 1900
9,504 sqft 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: Molly Hopper • Elevate Real Estate
Mls Name: Huron BOR
Mls ID: #25-317