246 Enchantment DrRapid CitySD57701
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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 246 Enchantment Dr, Rapid City, SD, 57701 listed at $414,900 pairs $1,930/mo rent with a $2,031/mo payment. Total monthly income runs $1,930/mo. Return on cash invested measures 13.87% in year one, and rental yield registers 5.58% at a $414,900 basis. Equity gained on principal adds $2,677/yr, and annual property appreciation at 5% supports $114,629 by year five. Five-year ROI tracks 70.63% and total cumulative return in cash totals $97,142. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,930/mo property income relative to a $2,031/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Townhouse
Built in 2014
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57701, Rapid City, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,911 (100%) |
| Owner Occupied HU | 11,148 (48.7%) |
| Renter Occupied HU | 10,021 (43.7%) |
| Vacant Housing Units | 1,742 ( 7.6%) |
| Median Home Value | $286,770 |
| Average Home Value | $316,857 |
Housing Distribution
Address Breakdown
Residential
20,368
Single Family
16,786
Multi-Family
3,582
Businesses
2,132
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Listed by: DARIN C PRYOR • COLDWELL BANKER BLACK HILLS LEGACY
Mls Name: Black Hills AOR
Mls ID: #175021