28280 Boaters Blvd #2Hot SpringsSD57747
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayThe investment thesis at 28280 Boaters Blvd #2, Hot Springs, SD, 57747 in Hot Springs is capital appreciation. Rental yield 3.96%. The 3.96% gross yield at $595,000 falls below cash-flow thresholds, but 5% annual value growth is forecast to deliver $164,388 in additional equity by year five, an equity gain that can outpace many higher-yield markets. Ziffy Mortgage finances appreciation-play assets via DSCR (0.73) without U.S. credit history; structure with a larger down payment to optimise coverage. Total projected return: $110,314.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 4% | 6.8% |
| Monthly Cash Flow | $(1,798) | $420 |
City averages based on Hot Springs market data in our database. Property projections are estimates.
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 | $1,962 |
| Total Monthly Debt Service | $3,523 |
| DSCR Ratio | 0.56x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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 2021
0.85 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57747, Hot Springs, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,659 (100%) |
| Owner Occupied HU | 2,132 (58.3%) |
| Renter Occupied HU | 762 (20.8%) |
| Vacant Housing Units | 765 (20.9%) |
| Median Home Value | $229,791 |
| Average Home Value | $306,197 |
Housing Distribution
Address Breakdown
Residential
2,953
Single Family
2,659
Multi-Family
294
Businesses
334
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 2021
0.85 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57747, Hot Springs, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,659 (100%) |
| Owner Occupied HU | 2,132 (58.3%) |
| Renter Occupied HU | 762 (20.8%) |
| Vacant Housing Units | 765 (20.9%) |
| Median Home Value | $229,791 |
| Average Home Value | $306,197 |
Housing Distribution
Address Breakdown
Residential
2,953
Single Family
2,659
Multi-Family
294
Businesses
334
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: Black Hills AOR
Mls Provider:
Mls ID: #87410