4616 Chalkstone DrRapid CitySD57701
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 4616 Chalkstone Dr, Rapid City, SD, 57701 uses $65,803 cash to close to unlock $5,030/yr annual cash flow and $419/mo monthly cash flow. Total monthly income runs $1,674/mo, and a $972/mo payment keeps the spread at $419/mo. Purchase price stands at $198,500, and rental yield measures 10.12% with $1,674/mo rent. Return on cash invested shows 27.55% in year one, and 5% annual appreciation builds toward $54,842 over five years. Five-year ROI reaches 144.07% and total cumulative return in cash records $94,805. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,674/mo property income covering a $972/mo payment rather than investor’s personal income.
Condo
Built in 2004
2,613 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57701, Rapid City, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,911 (100%) |
| Owner Occupied HU | 11,148 (48.7%) |
| Renter Occupied HU | 10,021 (43.7%) |
| Vacant Housing Units | 1,742 ( 7.6%) |
| Median Home Value | $286,770 |
| Average Home Value | $316,857 |
Housing Distribution
Address Breakdown
Residential
20,368
Single Family
16,786
Multi-Family
3,582
Businesses
2,132
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Daneen Jacquot-Kulmala • South Dakota Properties
Mls Name: Mount Rushmore Area AOR
Mls ID: #86259