3314 Idlewild CtRapid CitySD57702
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 3314 Idlewild Ct, Rapid City, SD, 57702 in Rapid City speaks for itself: 10.64% gross on a $289,900 price, generating $2,572/mo in rent and $740/mo in net income after the $1,304/mo debt service. DSCR 1.97, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $8,875 stacks alongside $80,094 in projected five-year appreciation and $2,670/yr in principal reduction. Projected total cumulative return: $157,680.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.6% | 6.8% |
| Monthly Cash Flow | $740 | $1,250 |
City averages based on Rapid City market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,572 |
| Total Monthly Debt Service | $1,717 |
| DSCR Ratio | 1.50x |
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 1978
3,049 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
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 1978
3,049 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: MEGAN MAHONEY • ASSIST 2 SELL/BUYERS & SELLERS REAL
Mls Name: Black Hills AOR
Mls ID: #176416