3311 W Rapid StRapid CitySD57702
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
Investment Highlights
Investment property for sale in Rapid City at 3311 W Rapid St, Rapid City, SD, 57702 offers a 8.2% rental yield on a $216,800 purchase with $1,482/mo rent. Total monthly income registers $1,482/mo, and a $1,061/mo payment leaves $112/mo available for distribution. Annual cash flow reaches $1,345/yr on $71,869 to close, and return on cash invested stands at 21.78% in year one. Equity gained on principal adds $1,399/yr while 5% annual appreciation supports $59,898 over five years. Portfolio math shows five-year ROI at 113.13% and total cumulative return in cash at $81,302. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,482/mo property income against a $1,061/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1952
7,840 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A