2243 Norman LnBelle FourcheSD57717
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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 Belle Fourche at 2243 Norman Ln, Belle Fourche, SD, 57717 uses $132,269 cash to close to unlock $2,813/yr annual cash flow and $234/mo monthly cash flow. Total monthly income runs $2,756/mo, and a $1,953/mo payment keeps the spread at $234/mo. Purchase price stands at $399,000, and rental yield measures 8.29% with $2,756/mo rent. Return on cash invested shows 22.04% in year one, and 5% annual appreciation builds toward $110,236 over five years. Five-year ROI reaches 114.43% and total cumulative return in cash records $151,358. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,756/mo property income covering a $1,953/mo payment rather than investor’s personal income.
Single Family
Built in 2006
2 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57717, Belle Fourche, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,055 (100%) |
| Owner Occupied HU | 2,686 (66.2%) |
| Renter Occupied HU | 992 (24.5%) |
| Vacant Housing Units | 377 ( 9.3%) |
| Median Home Value | $262,670 |
| Average Home Value | $323,064 |
Housing Distribution
Address Breakdown
Residential
3,474
Single Family
3,301
Multi-Family
173
Businesses
388
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Listed by: Renee Bisgaard • Black Hills Team
Mls Name: Mount Rushmore Area AOR
Mls ID: #86463