1007 S 35th StSpearfishSD57783
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
Investment Highlights
Investment property for sale in Spearfish at 1007 S 35th St, Spearfish, SD, 57783 offers a 7.77% rental yield on a $412,000 purchase with $2,666/mo rent. Total monthly income registers $2,666/mo, and a $2,017/mo payment leaves $62/mo available for distribution. Annual cash flow reaches $743/yr on $136,578 to close, and return on cash invested stands at 20.45% in year one. Equity gained on principal adds $2,659/yr while 5% annual appreciation supports $113,828 over five years. Portfolio math shows five-year ROI at 105.92% and total cumulative return in cash at $144,663. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,666/mo property income against a $2,017/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1996
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57783, Spearfish, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,896 (100%) |
| Owner Occupied HU | 4,819 (54.2%) |
| Renter Occupied HU | 3,135 (35.2%) |
| Vacant Housing Units | 942 (10.6%) |
| Median Home Value | $357,200 |
| Average Home Value | $433,585 |
Housing Distribution
Address Breakdown
Residential
7,630
Single Family
6,881
Multi-Family
749
Businesses
978
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Stacie Montgomery • SOUTH DAKOTA PROPERTIES
Mls Name: Black Hills AOR
Mls Provider:
Mls ID: #170620
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (IDX) program of Black Hills Association of REALTORS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Deemed Reliable But Not Guaranteed.