302 3rd StHenrySD57243
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowFew Henry rentals match the income profile of 302 3rd St, Henry, SD, 57243. Listed at $169,900, gross rent is $1,630/mo and net cash flow is $556/mo, a 11.51% yield well above national averages. DSCR 2.13 means Ziffy Mortgage can approve your loan on the property's income alone, bypassing personal income verification. The 5% annual appreciation trend adds $46,940 by year five with $1,565/yr in annual principal reduction, projecting $100,311 in total cumulative return.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 11.5% | 6.2% |
| Monthly Cash Flow | $556 | $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 | $1,630 |
| Total Monthly Debt Service | $1,006 |
| DSCR Ratio | 1.62x |
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 1885
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57243, Henry, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 245 (100%) |
| Owner Occupied HU | 199 (81.2%) |
| Renter Occupied HU | 20 ( 8.2%) |
| Vacant Housing Units | 26 (10.6%) |
| Median Home Value | $301,316 |
| Average Home Value | $315,075 |
Housing Distribution
Address Breakdown
Residential
196
Single Family
196
Multi-Family
0
Businesses
13
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 1885
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57243, Henry, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 245 (100%) |
| Owner Occupied HU | 199 (81.2%) |
| Renter Occupied HU | 20 ( 8.2%) |
| Vacant Housing Units | 26 (10.6%) |
| Median Home Value | $301,316 |
| Average Home Value | $315,075 |
Housing Distribution
Address Breakdown
Residential
196
Single Family
196
Multi-Family
0
Businesses
13
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: Northeast South Dakota BOR
Mls ID: #24-7172