11518 Nemo RdRapid CitySD57702
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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 11518 Nemo Rd, Rapid City, SD, 57702 generates $2,509/mo in rent and, after a $1,664/mo payment, leaves $361/mo in cash flow. Total monthly income is $2,509/mo, and annual cash flow is $4,326/yr on $112,710 invested. Return on cash invested sits at 23.75% in year one, and rental yield is 8.86% on a $340,000 entry. Equity gained on principal adds $2,194/yr, while 5% annual appreciation builds toward $93,936 over five years. Five-year ROI reaches 123.61% and total cumulative return in cash sums $139,326. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,509/mo property income rather than buyer’s personal income.
Manufactured
Built in 1981
6.09 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57702, Rapid City, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,138 (100%) |
| Owner Occupied HU | 10,462 (64.8%) |
| Renter Occupied HU | 4,281 (26.5%) |
| Vacant Housing Units | 1,395 ( 8.6%) |
| Median Home Value | $432,090 |
| Average Home Value | $494,970 |
Housing Distribution
Address Breakdown
Residential
15,613
Single Family
13,867
Multi-Family
1,746
Businesses
1,052
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Listed by: Gage Zieske • Blair Allen Luxury Real Estate LLC
Mls Name: Mount Rushmore Area AOR
Mls ID: #86703