1512 Sharp Dr,Rapid City,SD,57703

Investment Highlights

Rental property for sale in Rapid City at 1512 Sharp Dr, Rapid City, SD, 57703 offers $2,161/mo rent that, after a $1,282/mo payment, leaves $506/mo cash flow. Total monthly income is $2,161/mo, and annual cash flow is $6,068/yr on $86,853 cash. Return on cash invested measures 26.9% in year one, and rental yield stands at 9.9% at a $262,000 entry. Equity gained on principal adds $1,691/yr while 5% annual appreciation compounds into $72,386 by year five. Five-year ROI records 140.5% and total cumulative return in cash reaches $122,025. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,161/mo property income versus a $1,282/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.