102 E Madison StRapid 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
Investment property for sale in Rapid City at 102 E Madison St, Rapid City, SD, 57701 at $245,000 posts ROI 18.52% with from $1,454/mo rent. Total monthly income equals $1,454/mo. Return on cash invested measures 18.52% and rental yield reads 7.12% at the current $245,000. Equity gained on principal adds $1,581/yr, and 5% annual appreciation supports $67,689 by year five. Five-year ROI prints 95.55% and total cumulative return in cash totals $77,604. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,454/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1949
7,405 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: VICTORIA L QUEEN • BUY HOME BLACK HILLS PROPERTIES, LLC
Mls Name: Black Hills AOR
Mls ID: #174420