3986 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
Investment property for sale in Rapid City at 3986 Fairway Hills Dr, Rapid City, SD, 57702 at $244,200 posts ROI 26.33% with $433/mo cash flow from $1,976/mo rent. Total monthly income equals $1,976/mo, and annual cash flow records $5,196/yr on $80,952 to close. Return on cash invested measures 26.33% and rental yield reads 9.71% at the current $244,200. Equity gained on principal adds $1,576/yr, and 5% annual appreciation supports $67,468 by year five. Five-year ROI prints 137.5% and total cumulative return in cash totals $111,313.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,976/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Condo
Built in 1981
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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