3224 Johnston LnRapid CitySD57703
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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 3224 Johnston Ln, Rapid City, SD, 57703 generates $1,936/mo in rent and, after a $1,419/mo payment, leaves $104/mo in cash flow. Total monthly income is $1,936/mo, and annual cash flow is $1,245/yr on $96,135 invested. Return on cash invested sits at 21.2% in year one, and rental yield is 8.01% on a $289,999 entry. Equity gained on principal adds $1,871/yr, while 5% annual appreciation builds toward $80,121 over five years. Five-year ROI reaches 109.96% and total cumulative return in cash sums $105,712. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,936/mo property income rather than buyer’s personal income.
Single Family
Built in 1989
6,534 sqft lot
$N/A/sqft
No HOA
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Listed by: DAVID BRENNEMAN • COLDWELL BANKER BLACK HILLS LEGACY
Mls Name: Black Hills AOR
Mls ID: #176468