115 E Fairmont BlvdRapid 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
Total monthly income runs $1,434/mo, and a $1,346/mo payment. Purchase price stands at $274,900, and rental yield measures 6.26% with $1,434/mo rent. Return on cash invested shows 15.92% in year one, and 5% annual appreciation builds toward $75,950 over five years. Five-year ROI reaches 81.67% and total cumulative return in cash records $74,427. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,434/mo property income covering a $1,346/mo payment rather than investor’s personal income.
Single Family
Built in 1960
8,276 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: SCOTT HENRIKSON • KELLER WILLIAMS REALTY BLACK HILLS
Mls Name: Black Hills AOR
Mls Provider:
Mls ID: #174837
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.