604 W 9th StDell RapidsSD57022
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayNot all U.S. investment properties are valued for current income. 604 W 9th St, Dell Rapids, SD, 57022 in Dell Rapids at $497,500, 3.62% gross yield, is a market-growth asset. Rental yield 3.62%. The $1,500/mo rent partially funds the $2,237/mo debt service; the core return is the 5%/yr price growth projected to add $137,450 over five years. Ziffy Mortgage's DSCR mortgage (0.67) provides financing for foreign nationals without domestic income checks. A 30–35% down payment often produces the cleanest coverage for low-yield properties. Total five-year return: $83,182.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 3.6% | 6.2% |
| Monthly Cash Flow | $(1,644) | $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 | $1,500 |
| Total Monthly Debt Service | $2,946 |
| DSCR Ratio | 0.51x |
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 1996
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57022, Dell Rapids, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,273 (100%) |
| Owner Occupied HU | 1,713 (75.4%) |
| Renter Occupied HU | 504 (22.2%) |
| Vacant Housing Units | 56 ( 2.5%) |
| Median Home Value | $381,719 |
| Average Home Value | $464,361 |
Housing Distribution
Address Breakdown
Residential
2,130
Single Family
2,017
Multi-Family
113
Businesses
169
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 1996
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57022, Dell Rapids, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,273 (100%) |
| Owner Occupied HU | 1,713 (75.4%) |
| Renter Occupied HU | 504 (22.2%) |
| Vacant Housing Units | 56 ( 2.5%) |
| Median Home Value | $381,719 |
| Average Home Value | $464,361 |
Housing Distribution
Address Breakdown
Residential
2,130
Single Family
2,017
Multi-Family
113
Businesses
169
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices