1102 Flormann StRapid CitySD57701
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 Rapid City at 1102 Flormann St, Rapid City, SD, 57701 uses $230,300 cash to close to unlock $6,438/yr annual cash flow and $537/mo monthly cash flow. Total monthly income runs $4,960/mo, and a $3,426/mo payment keeps the spread at $537/mo. Purchase price stands at $699,999, and rental yield measures 8.5% with $4,960/mo rent. Return on cash invested shows 22.86% in year one, and 5% annual appreciation builds toward $193,397 over five years. Five-year ROI reaches 118.79% and total cumulative return in cash records $273,567. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,960/mo property income covering a $3,426/mo payment rather than investor’s personal income.
Single Family
Built in 1950
0.40 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: YANNI GEORGAS • RE/MAX RESULTS
Mls Name: Black Hills AOR
Mls ID: #176431