1014 Spartan DrSpearfishSD57783
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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
Investment property for sale in Spearfish at 1014 Spartan Dr, Spearfish, SD, 57783 listed at $365,000 pairs $3,239/mo rent with a $1,786/mo payment to leave $933/mo cash flow. Total monthly income runs $3,239/mo, and annual cash flow reaches $11,194/yr on $120,998 cash to close. Return on cash invested measures 29.16% in year one, and rental yield registers 10.65% at a $365,000 basis. Equity gained on principal adds $2,355/yr, and annual property appreciation at 5% supports $100,843 by year five. Five-year ROI tracks 152.62% and total cumulative return in cash totals $184,663. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,239/mo property income relative to a $1,786/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1958
7,840 sqft 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
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Listed by: Rylan Richards • The Real Estate Center of Spearfish
Mls Name: Mount Rushmore Area AOR
Mls ID: #85673