240 Minor Lake CirHill citySD57745
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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 Hill city at 240 Minor Lake Cir, Hill city, SD, 57745 generates $3,151/mo in rent, after a $4,885/mo payment. Total monthly income is $3,151/mo. Return on cash invested sits at 8.53% in year one, and rental yield is 3.79% on a $998,000 entry. Equity gained on principal adds $6,440/yr, while 5% annual appreciation builds toward $275,729 over five years. Five-year ROI reaches 41.93% and total cumulative return in cash sums $137,676. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,151/mo property income rather than buyer’s personal income.
Single Family
Built in 2010
0.95 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57745, Hill City, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,403 (100%) |
| Owner Occupied HU | 769 (54.8%) |
| Renter Occupied HU | 185 (13.2%) |
| Vacant Housing Units | 449 (32.0%) |
| Median Home Value | $557,907 |
| Average Home Value | $564,915 |
Housing Distribution
Address Breakdown
Residential
678
Single Family
654
Multi-Family
24
Businesses
168
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Listed by: Faith C Lewis • Lewis Realty
Mls Name: Mount Rushmore Area AOR
Mls ID: #86645