215 W Dakota StJeffersonSD57038
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeInvestors who value predictability will appreciate 215 W Dakota St, Jefferson, SD, 57038 in Jefferson. At $265,000 it earns $1,906/mo in rent and distributes $231/mo to the owner after the $1,192/mo payment, a consistent 8.63% yield. DSCR 1.60 clears Ziffy Mortgage's income-only underwriting standard. Over five years, 5% annual appreciation adds $73,215 in value; $2,441/yr in principal paydown compounds ownership stake. Total projected return: $115,531.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 8.6% | 6.2% |
| Monthly Cash Flow | $231 | $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 | $1,906 |
| Total Monthly Debt Service | $1,569 |
| DSCR Ratio | 1.21x |
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 1975
0.63 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57038, Jefferson, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 797 (100%) |
| Owner Occupied HU | 567 (71.1%) |
| Renter Occupied HU | 173 (21.7%) |
| Vacant Housing Units | 57 ( 7.2%) |
| Median Home Value | $342,547 |
| Average Home Value | $351,411 |
Housing Distribution
Address Breakdown
Residential
580
Single Family
580
Multi-Family
0
Businesses
19
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 1975
0.63 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57038, Jefferson, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 797 (100%) |
| Owner Occupied HU | 567 (71.1%) |
| Renter Occupied HU | 173 (21.7%) |
| Vacant Housing Units | 57 ( 7.2%) |
| Median Home Value | $342,547 |
| Average Home Value | $351,411 |
Housing Distribution
Address Breakdown
Residential
580
Single Family
580
Multi-Family
0
Businesses
19
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Adam Stokes • United Real Estate Solutions
Mls Name: Northwest Iowa Regional BOR
Mls Provider:
Mls ID: #829136
Disclaimer: Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed.