230 E Meade StRapid 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 230 E Meade St, Rapid City, SD, 57701 earns $19/mo cash flow from $1,846/mo rent with a $1,415/mo payment. Total monthly income totals $1,846/mo, and annual cash flow totals $230/yr on $95,804 capital. ROI tracks 20.15% on current figures, and rental yield reads 7.67% at a $289,000 purchase. Equity gained on principal adds $1,865/yr, and 5% annual appreciation supports $79,845 over five years. Five-year ROI reaches 104.34% and total cumulative return in cash sums $99,962. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,846/mo property income instead of your personal income.
Single Family
Built in 1957
7,840 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: TONY KLOCK • RE/MAX ADVANTAGE
Mls Name: Black Hills AOR
Mls ID: #175061