1510 Downing StRapid CitySD57701
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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 1510 Downing St, Rapid City, SD, 57701 with 5% annual appreciation on a $246,900 basis while $2,120/mo rent supports operations. Total monthly income totals $2,120/mo and a $1,208/mo payment preserves $560/mo for cash returns. Annual cash flow comes to $6,722/yr on $81,847 deployed, and return on cash invested reaches 28.12% in year one. Equity gained on principal adds $1,593/yr, and five-year appreciation sums $68,214 alongside rental yield of 10.3%. Five-year ROI measures 147.09% and total cumulative return in cash totals $120,393.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,120/mo property income versus a $1,208/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1963
N/A 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
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Listed by: N/A • N/A
Mls Name: Engel & Volkers
Mls Provider:
Mls ID: #173540