2198 Old Farm Ct, Rapid City, SD, 57703 | $387/mo Cash Flow

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Rapid City at 2198 Old Farm Ct, Rapid City, SD, 57703 generates $2,586/mo in rent and, after a $1,703/mo payment, leaves $387/mo in cash flow. Total monthly income is $2,586/mo, and annual cash flow is $4,645/yr on $115,362 invested. Return on cash invested sits at 23.94% in year one, and rental yield is 8.92% on a $348,000 entry. Equity gained on principal adds $2,246/yr, while 5% annual appreciation builds toward $96,146 over five years. Five-year ROI reaches 124.64% and total cumulative return in cash sums $143,782. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,586/mo property income rather than buyer’s personal income.

Single Family

Built in 2000

6,969 sqft lot

$N/A/sqft

No HOA