116 S Canyon 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
Investment property for sale in Rapid City at 116 S Canyon Rd, Rapid City, SD, 57702 with 5% annual appreciation on a $309,900 basis while $2,255/mo rent supports operations. Total monthly income totals $2,255/mo and a $1,517/mo payment preserves $296/mo for cash returns. Annual cash flow comes to $3,557/yr on $102,732 deployed, and return on cash invested reaches 23.37% in year one. Equity gained on principal adds $2,000/yr, and five-year appreciation sums $85,620 alongside rental yield of 8.73%. Five-year ROI measures 121.61% and total cumulative return in cash totals $124,932.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,255/mo property income versus a $1,517/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1954
6,098 sqft 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: Shauna Sheets • Keller Williams Realty Black Hills SP
Mls Name: Mount Rushmore Area AOR
Mls ID: #86676