2305 Colorado DrSturgisSD57785
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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
Rental property for sale in Sturgis at 2305 Colorado Dr, Sturgis, SD, 57785 priced at $289,900 converts $1,810/mo rent into after a $1,419/mo obligation. Total monthly income equals $1,810/mo. Return on cash invested prints 19.63% in year one, and rental yield reads 7.49% against a $289,900 entry. Equity gained on principal adds $1,871/yr, while 5% annual appreciation compiles into $80,094 by year five. Five-year ROI reaches 101.53% and total cumulative return in cash sums $97,569. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,810/mo property income covering a $1,419/mo payment, not borrower’s personal income.
Single Family
Built in 1975
8,276 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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Listed by: Krysti Schulz • The Real Estate Center of Sturgis
Mls Name: Mount Rushmore Area AOR
Mls Provider:
Mls ID: #83473
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