202 W 1st AveMount VernonSD57363
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash Flow202 W 1st Ave, Mount Vernon, SD, 57363 in Mount Vernon earns its strong cash-flow label: 10.72% yield, $2,189/mo rent, $641/mo net income, DSCR 1.99. The $245,000 acquisition cost produces immediate returns that put this property in the top tier for U.S. income assets accessible via Ziffy Mortgage's rental-income underwriting. Long-term, 5% annual appreciation adds $67,689 by year five. Combined with $2,256/yr in principal paydown, total projected return reaches $134,260.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 10.7% | 6.2% |
| Monthly Cash Flow | $641 | $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 | $2,189 |
| Total Monthly Debt Service | $1,451 |
| DSCR Ratio | 1.51x |
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
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57363, Mount Vernon, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 410 (100%) |
| Owner Occupied HU | 291 (71.0%) |
| Renter Occupied HU | 84 (20.5%) |
| Vacant Housing Units | 35 ( 8.5%) |
| Median Home Value | $213,393 |
| Average Home Value | $275,369 |
Housing Distribution
Address Breakdown
Residential
261
Single Family
261
Multi-Family
0
Businesses
18
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
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57363, Mount Vernon, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 410 (100%) |
| Owner Occupied HU | 291 (71.0%) |
| Renter Occupied HU | 84 (20.5%) |
| Vacant Housing Units | 35 ( 8.5%) |
| Median Home Value | $213,393 |
| Average Home Value | $275,369 |
Housing Distribution
Address Breakdown
Residential
261
Single Family
261
Multi-Family
0
Businesses
18
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: Mitchell BOR
Mls ID: #26-223