1022 Blaine AveRapid 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 1022 Blaine Ave, Rapid City, SD, 57701 priced at $209,200 converts $2,275/mo rent into $953/mo cash flow after a $1,024/mo obligation. Total monthly income equals $2,275/mo, and annual cash flow totals $11,435/yr on $69,350 invested. Return on cash invested prints 36.4% in year one, and rental yield reads 13.05% against a $209,200 entry. Equity gained on principal adds $1,350/yr, while 5% annual appreciation compiles into $57,798 by year five. Five-year ROI reaches 191.44% and total cumulative return in cash sums $132,760. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,275/mo property income covering a $1,024/mo payment, not borrower’s personal income.
Single Family
Built in 1959
8,712 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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