4235 Fairway Hills Dr APT 304Rapid 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 4235 Fairway Hills Dr APT 304, Rapid City, SD, 57702 generates $2,182/mo in rent and, after a $1,529/mo payment, leaves $208/mo in cash flow. Total monthly income is $2,182/mo, and annual cash flow is $2,496/yr on $103,527 invested. Return on cash invested sits at 22.32% in year one, and rental yield is 8.38% on a $312,300 entry. Equity gained on principal adds $2,015/yr, while 5% annual appreciation builds toward $86,283 over five years. Five-year ROI reaches 115.92% and total cumulative return in cash sums $120,010. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,182/mo property income rather than buyer’s personal income.
Townhouse
Built in 1994
6,534 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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