310 Dakota StAlcesterSD57001
INVESTMENT ANALYSIS
Investment Verdict
Solid Income310 Dakota St, Alcester, SD, 57001 in Alcester earns a respectable 9.22% gross yield at $100,000, but after the $450/mo mortgage the net cash flow is $136/mo, a tight but positive spread. Expense discipline (vacancy, management, maintenance) will determine whether the margin widens. Ziffy Mortgage's DSCR mortgage (1.71) still qualifies on property income; a larger down payment can improve the cash-flow buffer. Long-term, 5% appreciation projects $27,628 over five years, making equity the dominant return driver. Total projected return: $46,733.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 9.2% | 6.2% |
| Monthly Cash Flow | $136 | $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 | $768 |
| Total Monthly Debt Service | $592 |
| DSCR Ratio | 1.30x |
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
6,970 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57001, Alcester, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 887 (100%) |
| Owner Occupied HU | 620 (69.9%) |
| Renter Occupied HU | 204 (23.0%) |
| Vacant Housing Units | 63 ( 7.1%) |
| Median Home Value | $196,474 |
| Average Home Value | $234,093 |
Housing Distribution
Address Breakdown
Residential
477
Single Family
457
Multi-Family
20
Businesses
49
Nearby investment properties with comparable rents
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
6,970 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57001, Alcester, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 887 (100%) |
| Owner Occupied HU | 620 (69.9%) |
| Renter Occupied HU | 204 (23.0%) |
| Vacant Housing Units | 63 ( 7.1%) |
| Median Home Value | $196,474 |
| Average Home Value | $234,093 |
Housing Distribution
Address Breakdown
Residential
477
Single Family
457
Multi-Family
20
Businesses
49
Nearby investment properties with comparable rents
Listed by: Shawn Giedd • Berkshire Hathaway HomeServices Midwest Realty - Sioux Falls
Mls Name: Realtor Association of the Sioux Empire
Mls Provider:
Mls ID: #22500857
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