2722 Lanark RdRapid 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
Rental property for sale in Rapid City at 2722 Lanark Rd, Rapid City, SD, 57702 generates $2,586/mo in rent and, after a $1,933/mo payment, leaves $90/mo in cash flow. Total monthly income is $2,586/mo, and annual cash flow is $1,081/yr on $130,943 invested. Return on cash invested sits at 20.73% in year one, and rental yield is 7.86% on a $395,000 entry. Equity gained on principal adds $2,549/yr, while 5% annual appreciation builds toward $109,131 over five years. Five-year ROI reaches 107.47% and total cumulative return in cash sums $140,718. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,586/mo property income rather than buyer’s personal income.
Single Family
Built in 1957
9,147 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: KATHY SUNDBY • SUN REAL ESTATE
Mls Name: Black Hills AOR
Mls ID: #177013