602 1st AveFrederick CitySD57441
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowDay-one income is the story at 602 1st Ave, Frederick City, SD, 57441 in Frederick City. Priced at $250,000, it generates $2,393/mo in gross rent and $813/mo in net monthly cash flow, a 11.49% yield that comfortably supports the 2.13 DSCR needed for Ziffy Mortgage's no-W2 DSCR mortgage. Projected annual cash flow: $9,755. Five-year appreciation: $69,070. Equity from principal paydown: $2,303/yr. Total projected cumulative return: $147,277.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 11.5% | 6.2% |
| Monthly Cash Flow | $813 | $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 | $2,393 |
| Total Monthly Debt Service | $1,480 |
| 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 1968
0.72 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57441, Frederick, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 332 (100%) |
| Owner Occupied HU | 211 (63.6%) |
| Renter Occupied HU | 24 ( 7.2%) |
| Vacant Housing Units | 97 (29.2%) |
| Median Home Value | $278,409 |
| Average Home Value | $336,469 |
Housing Distribution
Address Breakdown
Residential
183
Single Family
183
Multi-Family
0
Businesses
28
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 1968
0.72 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57441, Frederick, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 332 (100%) |
| Owner Occupied HU | 211 (63.6%) |
| Renter Occupied HU | 24 ( 7.2%) |
| Vacant Housing Units | 97 (29.2%) |
| Median Home Value | $278,409 |
| Average Home Value | $336,469 |
Housing Distribution
Address Breakdown
Residential
183
Single Family
183
Multi-Family
0
Businesses
28
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Joni Napton • JARK REAL ESTATE
Mls Name: Aberdeen MLS
Mls ID: #25-421