925 E Steep StTeaSD57064
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeTight but positive: 925 E Steep St, Tea, SD, 57064 in Tea at $325,000 earns $2,186/mo in rent and nets $132/mo after the $1,461/mo payment, a 8.07% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $89,792 over five years. Ziffy Mortgage underwrites this on a 1.50 DSCR without U.S. credit history. With $2,993/yr in principal paydown, total projected return reaches $131,958.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.1% | 0.0% |
| Monthly Cash Flow | $132 | $0 |
City averages based on Tea market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,186 |
| Total Monthly Debt Service | $1,925 |
| DSCR Ratio | 1.14x |
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 2010
8,258 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57064, Tea, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,630 (100%) |
| Owner Occupied HU | 1,755 (66.7%) |
| Renter Occupied HU | 743 (28.3%) |
| Vacant Housing Units | 132 ( 5.0%) |
| Median Home Value | $346,875 |
| Average Home Value | $371,044 |
Housing Distribution
Address Breakdown
Residential
3,020
Single Family
2,966
Multi-Family
54
Businesses
369
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 2010
8,258 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57064, Tea, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,630 (100%) |
| Owner Occupied HU | 1,755 (66.7%) |
| Renter Occupied HU | 743 (28.3%) |
| Vacant Housing Units | 132 ( 5.0%) |
| Median Home Value | $346,875 |
| Average Home Value | $371,044 |
Housing Distribution
Address Breakdown
Residential
3,020
Single Family
2,966
Multi-Family
54
Businesses
369
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Amanda L Anderson • Keller Williams Realty Sioux Falls
Mls Name: Realtor Association of the Sioux Empire
Mls ID: #22600056