320 E Watertown 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
Investment property for sale in Rapid City at 320 E Watertown St, Rapid City, SD, 57701 at $285,000 posts ROI 22.38% with $195/mo cash flow from $1,996/mo rent. Total monthly income equals $1,996/mo, and annual cash flow records $2,338/yr on $94,478 to close. Return on cash invested measures 22.38% and rental yield reads 8.4% at the current $285,000. Equity gained on principal adds $1,839/yr, and 5% annual appreciation supports $78,740 by year five. Five-year ROI prints 116.28% and total cumulative return in cash totals $109,854.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,996/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1937
10,454 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: CHEYENNE S MCGRIFF • RE/MAX RESULTS
Mls Name: Black Hills AOR
Mls ID: #175703