281 Minnesota StRapid 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
Rental property for sale in Rapid City at 281 Minnesota St, Rapid City, SD, 57701 offers $3,523/mo rent that, after a $3,108/mo payment. Total monthly income is $3,523/mo. Return on cash invested measures 17.25% in year one, and rental yield stands at 6.66% at a $635,000 entry. Equity gained on principal adds $4,098/yr while 5% annual appreciation compounds into $175,439 by year five. Five-year ROI records 88.72% and total cumulative return in cash reaches $185,348. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,523/mo property income versus a $3,108/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2004
0.43 Acres 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: KEVIN KUEHN • DUPONT REAL ESTATE, INC.
Mls Name: Black Hills AOR
Mls ID: #176560