3051 Hoefer AveRapid 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 3051 Hoefer Ave, Rapid City, SD, 57701 priced at $440,000 converts $2,029/mo rent into after a $2,154/mo obligation. Total monthly income equals $2,029/mo. Return on cash invested prints 13.72% in year one, and rental yield reads 5.53% against a $440,000 entry. Equity gained on principal adds $2,839/yr, while 5% annual appreciation compiles into $121,564 by year five. Five-year ROI reaches 69.83% and total cumulative return in cash sums $101,854. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,029/mo property income covering a $2,154/mo payment, not borrower’s personal income.
Townhouse
Built in 2025
6,534 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: YANNI GEORGAS • RE/MAX RESULTS
Mls Name: Black Hills AOR
Mls ID: #176749