1626 Evergreen DrRapid CitySD57702
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
Investment property for sale in Rapid City at 1626 Evergreen Dr, Rapid City, SD, 57702 uses $61,991 cash to close to unlock $6,726/yr annual cash flow and $561/mo monthly cash flow. Total monthly income runs $1,742/mo, and a $915/mo payment keeps the spread at $561/mo. Purchase price stands at $187,000, and rental yield measures 11.18% with $1,742/mo rent. Return on cash invested shows 30.76% in year one, and 5% annual appreciation builds toward $51,665 over five years. Five-year ROI reaches 161.22% and total cumulative return in cash records $99,942. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,742/mo property income covering a $915/mo payment rather than investor’s personal income.
Condo
Built in 2006
3,484 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57702, Rapid City, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,138 (100%) |
| Owner Occupied HU | 10,462 (64.8%) |
| Renter Occupied HU | 4,281 (26.5%) |
| Vacant Housing Units | 1,395 ( 8.6%) |
| Median Home Value | $432,090 |
| Average Home Value | $494,970 |
Housing Distribution
Address Breakdown
Residential
15,613
Single Family
13,867
Multi-Family
1,746
Businesses
1,052
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kathryn Sundby • Sun Real Estate MLS Only
Mls Name: Mount Rushmore Area AOR
Mls ID: #86791