209 Wyoming CtSpearfishSD57783
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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 Spearfish at 209 Wyoming Ct, Spearfish, SD, 57783 offers $2,840/mo rent that, after a $2,447/mo payment. Total monthly income is $2,840/mo. Return on cash invested measures 17.6% in year one, and rental yield stands at 6.82% at a $499,900 entry. Equity gained on principal adds $3,226/yr while 5% annual appreciation compounds into $138,113 by year five. Five-year ROI records 90.61% and total cumulative return in cash reaches $150,156. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,840/mo property income versus a $2,447/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1978
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57783, Spearfish, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,896 (100%) |
| Owner Occupied HU | 4,819 (54.2%) |
| Renter Occupied HU | 3,135 (35.2%) |
| Vacant Housing Units | 942 (10.6%) |
| Median Home Value | $357,200 |
| Average Home Value | $433,585 |
Housing Distribution
Address Breakdown
Residential
7,630
Single Family
6,881
Multi-Family
749
Businesses
978
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Listed by: Ashley Goodrich • RE/MAX In The Hills
Mls Name: Mount Rushmore Area AOR
Mls ID: #86720