2431 S Neel St,Rapid City,SD,57703

Investment Highlights

Investment property for sale in Rapid City at 2431 S Neel St, Rapid City, SD, 57703 offers a 7.91% rental yield on a $340,000 purchase with $2,242/mo rent. Total monthly income registers $2,242/mo, and a $1,664/mo payment leaves $94/mo available for distribution. Annual cash flow reaches $1,122/yr on $112,710 to close, and return on cash invested stands at 20.9% in year one. Equity gained on principal adds $2,194/yr while 5% annual appreciation supports $93,936 over five years. Portfolio math shows five-year ROI at 108.37% and total cumulative return in cash at $122,142. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,242/mo property income against a $1,664/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.