2 Torch Hills LnRapid CityMI49676
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 2 Torch Hills Ln, Rapid City, MI, 49676 at $169,900 posts ROI 81.96% with $2,912/mo cash flow from $4,033/mo rent. Total monthly income equals $4,033/mo, and annual cash flow records $34,946/yr on $56,322 to close. Return on cash invested measures 81.96% and rental yield reads 28.48% at the current $169,900. Equity gained on principal adds $1,096/yr, and 5% annual appreciation supports $46,940 by year five. Five-year ROI prints 436.16% and total cumulative return in cash totals $245,654.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $4,033/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Lot
Built in N/A
0.80 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49676, Rapid City, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,806 (100%) |
| Owner Occupied HU | 1,517 (54.1%) |
| Renter Occupied HU | 207 ( 7.4%) |
| Vacant Housing Units | 1,082 (38.6%) |
| Median Home Value | $282,477 |
| Average Home Value | $414,029 |
Housing Distribution
Address Breakdown
Residential
1,828
Single Family
1,828
Multi-Family
0
Businesses
75
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Nearby investment properties with comparable prices
Listed by: Dennis Irelan • Lakeside Properties Real Estate
Mls Name: NGLRMLS
Mls Provider:
Mls ID: #1888055
Disclaimer: The information in this listing was gathered from third-party sources including the seller. Northern Great Lakes REALTORS MLS and its subscribers disclaim any and all representations or warranties as to the accuracy of this information. Copyright 2024 Northern Great Lakes REALTORS MLS. All Rights Reserved.