340 Fairway DrSpearfishSD57783
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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 Spearfish at 340 Fairway Dr, Spearfish, SD, 57783 earns from $2,826/mo rent with a $3,372/mo payment. Total monthly income totals $2,826/mo. ROI tracks 11.97% on current figures, and rental yield reads 4.92% at a $689,000 purchase. Equity gained on principal adds $4,446/yr, and 5% annual appreciation supports $190,358 over five years. Five-year ROI reaches 60.43% and total cumulative return in cash sums $136,986. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,826/mo property income instead of your personal income.
Townhouse
Built in 1992
3,049 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57783, Spearfish, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,896 (100%) |
| Owner Occupied HU | 4,819 (54.2%) |
| Renter Occupied HU | 3,135 (35.2%) |
| Vacant Housing Units | 942 (10.6%) |
| Median Home Value | $357,200 |
| Average Home Value | $433,585 |
Housing Distribution
Address Breakdown
Residential
7,630
Single Family
6,881
Multi-Family
749
Businesses
978
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Listed by: Kristin Buckmaster • The Real Estate Center of Spearfish
Mls Name: Mount Rushmore Area AOR
Mls Provider:
Mls ID: #84856
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