South Dakota DSCR Loans — 80% LTV & 2026 Investor Underwriting Guidelines

South Dakota DSCR loans allow real estate investors to acquire or cash-out refinance 1–4 unit rentals, short-term rentals (Airbnb/VRBO), and 5–100+ unit multifamily properties in South Dakota (SD) up to 80% Purchase LTV and 75% Cash-Out LTV across 30-year fixed, ARM, and interest-only wholesale shelves with zero personal tax returns. At the South Dakota median 1–4 unit price of $295,000 and Form 1007 rent of $2,180/mo (1.17% property tax, $610/$100K hazard insurance), an illustrative 75% LTV scenario models at 1.16x DSCR ($1,873/mo modeled PITIA).