2304 Colorado DrSturgisSD57785
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Sturgis at 2304 Colorado Dr, Sturgis, SD, 57785 listed at $289,000 pairs $1,646/mo rent with a $1,415/mo payment. Total monthly income runs $1,646/mo. Return on cash invested measures 17.64% in year one, and rental yield registers 6.83% at a $289,000 basis. Equity gained on principal adds $1,865/yr, and annual property appreciation at 5% supports $79,845 by year five. Five-year ROI tracks 90.91% and total cumulative return in cash totals $87,098. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,646/mo property income relative to a $1,415/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1976
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57785, Sturgis, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,258 (100%) |
| Owner Occupied HU | 3,225 (61.3%) |
| Renter Occupied HU | 1,384 (26.3%) |
| Vacant Housing Units | 649 (12.3%) |
| Median Home Value | $320,252 |
| Average Home Value | $346,612 |
Housing Distribution
Address Breakdown
Residential
4,645
Single Family
4,210
Multi-Family
435
Businesses
509
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Nearby investment properties with comparable prices
Listed by: Adam Karrels • Allison Real Estate
Mls Name: Mount Rushmore Area AOR
Mls Provider:
Mls ID: #81961
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