3964 Fairway Hills DrRapid 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
Rental property for sale in Rapid City at 3964 Fairway Hills Dr, Rapid City, SD, 57702 offers $1,756/mo rent that, after a $1,047/mo payment, leaves $404/mo cash flow. Total monthly income is $1,756/mo, and annual cash flow is $4,849/yr on $70,941 cash. Return on cash invested measures 26.74% in year one, and rental yield stands at 9.85% at a $214,000 entry. Equity gained on principal adds $1,381/yr while 5% annual appreciation compounds into $59,124 by year five. Five-year ROI records 139.72% and total cumulative return in cash reaches $99,119. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,756/mo property income versus a $1,047/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1984
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
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Listed by: Heath Gran • Great Peaks Realty
Mls Name: Mount Rushmore Area AOR
Mls ID: #83526