3497 Remington RdRapid 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 3497 Remington Rd, Rapid City, SD, 57703 generates $2,045/mo in rent and, after a $1,566/mo payment, leaves $23/mo in cash flow. Total monthly income is $2,045/mo, and annual cash flow is $278/yr on $106,047 invested. Return on cash invested sits at 20.17% in year one, and rental yield is 7.67% on a $319,900 entry. Equity gained on principal adds $2,064/yr, while 5% annual appreciation builds toward $88,382 over five years. Five-year ROI reaches 104.46% and total cumulative return in cash sums $110,780. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,045/mo property income rather than buyer’s personal income.
Single Family
Built in 2005
10,018 sqft lot
$N/A/sqft
No HOA
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Listed by: Shauna Sheets • Keller Williams Realty Black Hills SP
Mls Name: Mount Rushmore Area AOR
Mls ID: #85407