305 S Canyon 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
Investment property for sale in Rapid City at 305 S Canyon Rd, Rapid City, SD, 57702 earns $394/mo cash flow from $1,594/mo rent with a $929/mo payment. Total monthly income totals $1,594/mo, and annual cash flow totals $4,733/yr on $62,952 capital. ROI tracks 27.43% on current figures, and rental yield reads 10.07% at a $189,900 purchase. Equity gained on principal adds $1,225/yr, and 5% annual appreciation supports $52,466 over five years. Five-year ROI reaches 143.37% and total cumulative return in cash sums $90,257. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,594/mo property income instead of your personal income.
Condo
Built in 1973
1,306 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: Jeri Perrett • The Real Estate Group Rapid City
Mls Name: Mount Rushmore Area AOR
Mls ID: #86617