240 S Alfalfa StMennoSD57045
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeSolid fundamentals define the investment case at 240 S Alfalfa St, Menno, SD, 57045 in Menno: $2,346/mo in rent, $456/mo in net income, 9.42% gross yield, 1.75 DSCR, all at $299,000. Ziffy Mortgage's DSCR mortgage qualifies using the property's income alone, clearing approval without U.S. residency or credit. Five-year equity from $82,608 in appreciation and $2,754/yr in principal paydown projects total cumulative return of $142,944.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 9.4% | 6.2% |
| Monthly Cash Flow | $456 | $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 | $2,346 |
| Total Monthly Debt Service | $1,771 |
| DSCR Ratio | 1.32x |
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 1989
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57045, Menno, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 484 (100%) |
| Owner Occupied HU | 344 (71.1%) |
| Renter Occupied HU | 80 (16.5%) |
| Vacant Housing Units | 60 (12.4%) |
| Median Home Value | $163,462 |
| Average Home Value | $245,400 |
Housing Distribution
Address Breakdown
Residential
298
Single Family
284
Multi-Family
14
Businesses
54
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 1989
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57045, Menno, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 484 (100%) |
| Owner Occupied HU | 344 (71.1%) |
| Renter Occupied HU | 80 (16.5%) |
| Vacant Housing Units | 60 (12.4%) |
| Median Home Value | $163,462 |
| Average Home Value | $245,400 |
Housing Distribution
Address Breakdown
Residential
298
Single Family
284
Multi-Family
14
Businesses
54
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: Meridian AOR
Mls ID: #117318