1623 3rd StSturgisSD57785
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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 Sturgis at 1623 3rd St, Sturgis, SD, 57785 uses $96,798 cash to close to unlock $2,063/yr annual cash flow and $172/mo monthly cash flow. Total monthly income runs $2,017/mo, and a $1,429/mo payment keeps the spread at $172/mo. Purchase price stands at $292,000, and rental yield measures 8.29% with $2,017/mo rent. Return on cash invested shows 22.04% in year one, and 5% annual appreciation builds toward $80,674 over five years. Five-year ROI reaches 114.44% and total cumulative return in cash records $110,780. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,017/mo property income covering a $1,429/mo payment rather than investor’s personal income.
Single Family
Built in 1957
5,662 sqft 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
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Listed by: MEGAN MAHONEY • ASSIST 2 SELL/BUYERS & SELLERS REAL
Mls Name: Black Hills AOR
Mls ID: #176755