2410 Lockwood DrRapid CitySD57702
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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 2410 Lockwood Dr, Rapid City, SD, 57702 uses $95,804 cash to close to unlock $9,854/yr annual cash flow and $821/mo monthly cash flow. Total monthly income runs $2,648/mo, and a $1,415/mo payment keeps the spread at $821/mo. Purchase price stands at $289,000, and rental yield measures 11% with $2,648/mo rent. Return on cash invested shows 30.19% in year one, and 5% annual appreciation builds toward $79,845 over five years. Five-year ROI reaches 158.23% and total cumulative return in cash records $151,586. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,648/mo property income covering a $1,415/mo payment rather than investor’s personal income.
Single Family
Built in 1971
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57702, Rapid City, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,138 (100%) |
| Owner Occupied HU | 10,462 (64.8%) |
| Renter Occupied HU | 4,281 (26.5%) |
| Vacant Housing Units | 1,395 ( 8.6%) |
| Median Home Value | $432,090 |
| Average Home Value | $494,970 |
Housing Distribution
Address Breakdown
Residential
15,613
Single Family
13,867
Multi-Family
1,746
Businesses
1,052
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Listed by: AMANDA KIRSCHENMAN • COLDWELL BANKER BLACK HILLS LEGACY
Mls Name: Black Hills AOR
Mls ID: #174089