1007 Park Hill DrRapid CitySD57701
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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
Investment Highlights
Rental property for sale in Rapid City at 1007 Park Hill Dr, Rapid City, SD, 57701 priced at $324,900 converts $2,185/mo rent into $132/mo cash flow after a $1,590/mo obligation. Total monthly income equals $2,185/mo, and annual cash flow totals $1,584/yr on $107,704 invested. Return on cash invested prints 21.38% in year one, and rental yield reads 8.07% against a $324,900 entry. Equity gained on principal adds $2,097/yr, while 5% annual appreciation compiles into $89,764 by year five. Five-year ROI reaches 110.94% and total cumulative return in cash sums $119,489. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,185/mo property income covering a $1,590/mo payment, not borrower’s personal income.
Single Family
Built in 1964
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57701, Rapid City, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,911 (100%) |
| Owner Occupied HU | 11,148 (48.7%) |
| Renter Occupied HU | 10,021 (43.7%) |
| Vacant Housing Units | 1,742 ( 7.6%) |
| Median Home Value | $286,770 |
| Average Home Value | $316,857 |
Housing Distribution
Address Breakdown
Residential
20,368
Single Family
16,786
Multi-Family
3,582
Businesses
2,132
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Listed by: Alissa Hurley • Oak & Key Realty, LLC
Mls Name: Mount Rushmore Area AOR
Mls ID: #84903