2620 5th AveSpearfishSD57783
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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 Spearfish at 2620 5th Ave, Spearfish, SD, 57783 uses $112,379 cash to close to unlock $9,167/yr annual cash flow and $764/mo monthly cash flow. Total monthly income runs $2,906/mo, and a $1,659/mo payment keeps the spread at $764/mo. Purchase price stands at $339,000, and rental yield measures 10.29% with $2,906/mo rent. Return on cash invested shows 28.07% in year one, and 5% annual appreciation builds toward $93,659 over five years. Five-year ROI reaches 146.75% and total cumulative return in cash records $164,920. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,906/mo property income covering a $1,659/mo payment rather than investor’s personal income.
Townhouse
Built in 1994
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57783, Spearfish, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,896 (100%) |
| Owner Occupied HU | 4,819 (54.2%) |
| Renter Occupied HU | 3,135 (35.2%) |
| Vacant Housing Units | 942 (10.6%) |
| Median Home Value | $357,200 |
| Average Home Value | $433,585 |
Housing Distribution
Address Breakdown
Residential
7,630
Single Family
6,881
Multi-Family
749
Businesses
978
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Listed by: Aaron Schrader • Black Pine Real Estate
Mls Name: Mount Rushmore Area AOR
Mls ID: #86603