3408 Davenport LoopSturgisSD57785
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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 Sturgis at 3408 Davenport Loop, Sturgis, SD, 57785 offers a 8.48% rental yield on a $584,000 purchase with $4,128/mo rent. Total monthly income registers $4,128/mo, and a $2,858/mo payment leaves $438/mo available for distribution. Annual cash flow reaches $5,254/yr on $192,136 to close, and return on cash invested stands at 22.79% in year one. Equity gained on principal adds $3,768/yr while 5% annual appreciation supports $161,348 over five years. Portfolio math shows five-year ROI at 118.45% and total cumulative return in cash at $227,584. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,128/mo property income against a $2,858/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2022
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57785, Sturgis, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,258 (100%) |
| Owner Occupied HU | 3,225 (61.3%) |
| Renter Occupied HU | 1,384 (26.3%) |
| Vacant Housing Units | 649 (12.3%) |
| Median Home Value | $320,252 |
| Average Home Value | $346,612 |
Housing Distribution
Address Breakdown
Residential
4,645
Single Family
4,210
Multi-Family
435
Businesses
509
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Listed by: David Wilson • Sturgis Real Estate & Auctions, Inc.
Mls Name: Mount Rushmore Area AOR
Mls ID: #84836