1308 Spearfish Mountain LnSpearfishSD57783
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
Rental property for sale in Spearfish at 1308 Spearfish Mountain Ln, Spearfish, SD, 57783 priced at $137,500 converts $1,697/mo rent into $828/mo cash flow after a $673/mo obligation. Total monthly income equals $1,697/mo, and annual cash flow totals $9,937/yr on $45,581 invested. Return on cash invested prints 41.71% in year one, and rental yield reads 14.81% against a $137,500 entry. Equity gained on principal adds $887/yr, while 5% annual appreciation compiles into $37,989 by year five. Five-year ROI reaches 220% and total cumulative return in cash sums $100,277. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,697/mo property income covering a $673/mo payment, not borrower’s personal income.
Manufactured
Built in 1991
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57783, Spearfish, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,896 (100%) |
| Owner Occupied HU | 4,819 (54.2%) |
| Renter Occupied HU | 3,135 (35.2%) |
| Vacant Housing Units | 942 (10.6%) |
| Median Home Value | $357,200 |
| Average Home Value | $433,585 |
Housing Distribution
Address Breakdown
Residential
7,630
Single Family
6,881
Multi-Family
749
Businesses
978
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Michaela Anderson • Engel & Voelkers Black Hills Spearfish
Mls Name: Mount Rushmore Area AOR
Mls Provider:
Mls ID: #81123
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Mount Rushmore Area Association of REALTORS Multiple Listing Service. Real estate listings held by brokerage firms other than Zillow Inc. are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. The broker(s) providing this data believes it to be correct, but advises interested parties to confirm the data before relying on it in a purchase decision. Copyright 2024 Mount Rushmore Area Association of REALTORS®., Inc. Multiple Listing Service. All rights reserved