318 Summit StBelle FourcheSD57717
INVESTMENT ANALYSIS
Investment Verdict
Solid Income318 Summit St, Belle Fourche, SD, 57717 in Belle Fourche is a solid income-producing rental, 9% gross yield, $2,242/mo rent, $352/mo net cash flow on a $299,000 buy. DSCR 1.67 qualifies the property for Ziffy Mortgage's financing without personal income documentation. Five-year appreciation of $82,608 and $2,754/yr in principal reduction project a total cumulative return of $136,260.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9% | 7.2% |
| Monthly Cash Flow | $352 | $450 |
City averages based on Belle Fourche market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,242 |
| Total Monthly Debt Service | $1,771 |
| DSCR Ratio | 1.27x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Townhouse
Built in 2004
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57717, Belle Fourche, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,055 (100%) |
| Owner Occupied HU | 2,686 (66.2%) |
| Renter Occupied HU | 992 (24.5%) |
| Vacant Housing Units | 377 ( 9.3%) |
| Median Home Value | $262,670 |
| Average Home Value | $323,064 |
Housing Distribution
Address Breakdown
Residential
3,474
Single Family
3,301
Multi-Family
173
Businesses
388
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
Townhouse
Built in 2004
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57717, Belle Fourche, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,055 (100%) |
| Owner Occupied HU | 2,686 (66.2%) |
| Renter Occupied HU | 992 (24.5%) |
| Vacant Housing Units | 377 ( 9.3%) |
| Median Home Value | $262,670 |
| Average Home Value | $323,064 |
Housing Distribution
Address Breakdown
Residential
3,474
Single Family
3,301
Multi-Family
173
Businesses
388
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Dante Colicheski • Black Hills SD Realty
Mls Name: Mount Rushmore Area AOR
Mls ID: #85974