17 Fairmont BlvdRapid 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
Rental property for sale in Rapid City at 17 Fairmont Blvd, Rapid City, SD, 57701 priced at $229,000 pairs $1,900/mo rent with $453/mo cash flow after a $1,121/mo payment. Total monthly income equals $1,900/mo, and annual cash flow comes to $5,432/yr on $75,914 invested. Return on cash invested is 27.06% in year one, and rental yield stands at 9.96% on a $229,000 basis. Equity gained on principal adds $1,478/yr, and 5% annual appreciation accumulates to $63,268 by year five. Five-year ROI measures 141.39% and total cumulative return in cash reaches $107,333. For financing, Ziffy Mortgage’s DSCR program evaluates $1,900/mo property income against a $1,121/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1959
8,276 sqft 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: AMANDA KIRSCHENMAN • COLDWELL BANKER BLACK HILLS LEGACY
Mls Name: Black Hills AOR
Mls ID: #175552