2120 Rena PlRapid 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 2120 Rena Pl, Rapid City, SD, 57701 listed at $260,000 pairs $1,858/mo rent with a $1,273/mo payment to leave $215/mo cash flow. Total monthly income runs $1,858/mo, and annual cash flow reaches $2,574/yr on $86,190 cash to close. Return on cash invested measures 22.9% in year one, and rental yield registers 8.58% at a $260,000 basis. Equity gained on principal adds $1,678/yr, and annual property appreciation at 5% supports $71,833 by year five. Five-year ROI tracks 119.05% and total cumulative return in cash totals $102,605. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,858/mo property income relative to a $1,273/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1958
6,969 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: Arnie Sharp • NavX Realty
Mls Name: Mount Rushmore Area AOR
Mls ID: #86314