3215 Meadowbrook DrRapid 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
Rental property for sale in Rapid City at 3215 Meadowbrook Dr, Rapid City, SD, 57702 priced at $509,900 converts $2,874/mo rent into after a $2,496/mo obligation. Total monthly income equals $2,874/mo. Return on cash invested prints 17.57% in year one, and rental yield reads 6.76% against a $509,900 entry. Equity gained on principal adds $3,290/yr, while 5% annual appreciation compiles into $140,876 by year five. Five-year ROI reaches 90.44% and total cumulative return in cash sums $151,712. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,874/mo property income covering a $2,496/mo payment, not borrower’s personal income.
Single Family
Built in 1984
0.39 Acres 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: TJ Wojtanowicz • Black Hills SD Realty
Mls Name: Mount Rushmore Area AOR
Mls Provider:
Mls ID: #81698
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