3628 Washington StRapid CitySD57702
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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 Rapid City at 3628 Washington St, Rapid City, SD, 57702 with 5% annual appreciation on a $359,900 basis while $2,742/mo rent supports operations. Total monthly income totals $2,742/mo and a $1,762/mo payment preserves $467/mo for cash returns. Annual cash flow comes to $5,606/yr on $119,307 deployed, and return on cash invested reaches 24.61% in year one. Equity gained on principal adds $2,322/yr, and five-year appreciation sums $99,434 alongside rental yield of 9.14%. Five-year ROI measures 128.24% and total cumulative return in cash totals $153,002.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,742/mo property income versus a $1,762/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1986
8,712 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
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Listed by: STEVEN ANDERSON • ASSIST 2 SELL/BUYERS & SELLERS REAL
Mls Name: Black Hills AOR
Mls ID: #176533