1802 Cherry AveRapid 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
Investment property for sale in Rapid City at 1802 Cherry Ave, Rapid City, SD, 57701 uses $99,119 cash to close to unlock $1,667/yr annual cash flow and $139/mo monthly cash flow. Total monthly income runs $2,028/mo, and a $1,463/mo payment keeps the spread at $139/mo. Purchase price stands at $299,000, and rental yield measures 8.14% with $2,028/mo rent. Return on cash invested shows 21.59% in year one, and 5% annual appreciation builds toward $82,608 over five years. Five-year ROI reaches 112.01% and total cumulative return in cash records $111,022. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,028/mo property income covering a $1,463/mo payment rather than investor’s personal income.
Single Family
Built in 1925
0.33 Acres 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: Beth Staeckeler • Real Broker Spearfish
Mls Name: Mount Rushmore Area AOR
Mls ID: #86121