302 E Denver StRapid CitySD57701
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 302 E Denver St, Rapid City, SD, 57701 priced at $176,000 converts $1,276/mo rent into $164/mo cash flow after a $861/mo obligation. Total monthly income equals $1,276/mo, and annual cash flow totals $1,970/yr on $58,344 invested. Return on cash invested prints 23.29% in year one, and rental yield reads 8.7% against a $176,000 entry. Equity gained on principal adds $1,136/yr, while 5% annual appreciation compiles into $48,626 by year five. Five-year ROI reaches 121.2% and total cumulative return in cash sums $70,713. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,276/mo property income covering a $861/mo payment, not borrower’s personal income.
Single Family
Built in 1949
5,227 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: Lisa Boorman • Denali Real Estate Group
Mls Name: Mount Rushmore Area AOR
Mls Provider:
Mls ID: #84531
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