1523 Hope StSturgisSD57785
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 Sturgis at 1523 Hope St, Sturgis, SD, 57785 priced at $279,900 converts $1,348/mo rent into after a $1,370/mo obligation. Total monthly income equals $1,348/mo. Return on cash invested prints 14.47% in year one, and rental yield reads 5.78% against a $279,900 entry. Equity gained on principal adds $1,806/yr, while 5% annual appreciation compiles into $77,331 by year five. Five-year ROI reaches 73.87% and total cumulative return in cash sums $68,545. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,348/mo property income covering a $1,370/mo payment, not borrower’s personal income.
Single Family
Built in 2003
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57785, Sturgis, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,258 (100%) |
| Owner Occupied HU | 3,225 (61.3%) |
| Renter Occupied HU | 1,384 (26.3%) |
| Vacant Housing Units | 649 (12.3%) |
| Median Home Value | $320,252 |
| Average Home Value | $346,612 |
Housing Distribution
Address Breakdown
Residential
4,645
Single Family
4,210
Multi-Family
435
Businesses
509
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: TOM BLAIN • KELLER WILLIAMS REALTY BLACK HILLS
Mls Name: Black Hills AOR
Mls Provider:
Mls ID: #173895
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (IDX) program of Black Hills Association of REALTORS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Deemed Reliable But Not Guaranteed.