438152 Northside DrLake CitySD57247
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayGlobal investors willing to prioritise equity over near-term yield will find 438152 Northside Dr, Lake City, SD, 57247 in Lake City worth study. Rental yield 3.17%. The 3.17% gross yield is below cash-flow benchmarks at $675,000, but 5% annual appreciation, adding $186,490 over five years, frames this as a capital growth position. Rent of $1,782/mo partially offsets the $3,200/mo payment. Ziffy Mortgage finances appreciation-play properties (0.56 DSCR) for non-U.S. residents without domestic income documentation; a 30–35% down payment maximises coverage. Total projected return: $83,846.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 3.2% | 6.2% |
| Monthly Cash Flow | $(2,484) | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
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 | $1,782 |
| Total Monthly Debt Service | $4,162 |
| DSCR Ratio | 0.43x |
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 6.5% rate / 30-yr fixed, 25% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2010
0.41 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57247, Lake City, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 503 (100%) |
| Owner Occupied HU | 148 (29.4%) |
| Renter Occupied HU | 44 ( 8.7%) |
| Vacant Housing Units | 311 (61.8%) |
| Median Home Value | $209,375 |
| Average Home Value | $245,456 |
Housing Distribution
Address Breakdown
Residential
179
Single Family
179
Multi-Family
0
Businesses
6
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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
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Listed by: N/A • N/A
Mls Name: My State MLS
Mls ID: #11656248
