South Dakota DSCR, Hard Money, Fix & Flip, Construction & Multifamily Loans
South Dakota (SD) Underwriting Snapshot (BLUF): Wholesale business-purpose investment property loans in South Dakota utilize Judicial or Non-Judicial Power of Sale (180-Day Redemption Waiver) security instruments, with an average non-homestead effective property tax rate of 1.17%, a median 1–4 unit investment home price of $295,000 (median rent $2,180/mo), and 5+ unit multifamily market rents averaging $1,280/door. Arranged by Loan Daddy LLC (NMLS #2827624).
SECURITY INSTRUMENT
Judicial or Non-Judicial Power of Sale (180-Day Redemption Waiver)EFFECTIVE PROPERTY TAX
1.17% Avg ($288/mo)MEDIAN 1–4 UNIT PRICE & RENT
$295,000 · $2,180/mo5+ UNIT MULTIFAMILY RENT
$1,280/door/moSouth Dakota Pre-Populated Underwriting Terminal
1–4 Unit PITIA vs. 5–25+ Unit Commercial NOI Simulator
Loan Daddy LLC · NMLS #2827624 · AZ CMB #CMB-2016143 · Canonical Integer _cents & _bps Engine
Price/Door: $295,000·Loan/Door: $221,250·Avg Rent/Door: $2,180/mo
Prepayment Stepdown Structure
Amortization & FICO Tier
Calculated DSCR Coverage Ratio
1.21xCanonical:
121 bps · 7500 bps LTV · 6625 bps RateStandard Multifamily / DSCR Pass (1.15x–1.24x)
Loan Amount (75% LTV)$221,25022,125,000 _cents
Monthly P&I Debt Service$1,417/mo@ 6.625% Note Rate
Total Monthly PITIA$1,808/moTax: $288 · Ins: $103
Net Monthly Cash Flow+$372/mo$4,469/yr net
Wholesale PPE Multi-Option Execution Comparison (Borrower-Paid 2.000% Default · 39 Wholesale Lenders)
| Execution Option | Prepay Structure | Est. Note Rate | Prepay Price Credit | Monthly Debt Service | DSCR Ratio |
|---|---|---|---|---|---|
| Option A: Lowest Rate (60-Mo Stepdown) | 5-4-3-2-1 | 6.625% | -100 bps (-1.000 pt) | $1,808/mo | 1.21x |
| Option B: Balanced Par (36-Mo Stepdown) | 3-2-1 | 6.875% | -75 bps (-0.750 pt) | $1,844/mo | 1.18x |
| Option C: Max Cash Flow (10-Yr Interest-Only) | 3-2-1 IO | 7.000% | +38 bps IO LLPA | $1,682/mo | 1.30x |
Many DSCR lenders focus on the property's rent, not your tax returns. Not all applicants will qualify; terms vary by lender. Loans made or arranged pursuant to a California Financing Law license, #60DBO-218873.
South Dakota Cities with Population ≥ 50,000 (2 Markets)
Click any South Dakota city below to open its localized DSCR & Commercial Multifamily underwriting desk with county property tax rates, median rent benchmarks, and a pre-populated city deal calculator:
| City (SD) | County | 2026 Est. Pop | Effective Tax Rate | Median 1–4 Unit Price | Median Monthly Rent | 5+ Unit Rent/Door |
|---|---|---|---|---|---|---|
| Sioux Falls, SD → | MINNEHAHA County County | 179,497 | 1.19% | $320,000 | $2,400/mo | $1,400/door |
| Rapid City, SD → | PENNINGTON County County | 77,185 | 1.17% | $265,000 | $2,000/mo | $1,175/door |