506 Solomon CtRapid CitySD57703
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayMarkets with strong demand fundamentals often produce low-yield, high-appreciation assets. 506 Solomon Ct, Rapid City, SD, 57703 in Rapid City fits: $624,000, 5.22% gross yield, and a projected 5% annual appreciation rate adding $172,400 in value within five years. Rental yield 5.22%. The narrow rent-to-debt spread is the trade-off for market growth. Ziffy Mortgage's DSCR loan (0.97) finances non-U.S. buyers without personal income documentation; optimise coverage with a 30–35% down payment. $5,747/yr in principal paydown and $172,400 in appreciation project a total return of $157,721.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 5.2% | 6.8% |
| Monthly Cash Flow | $(1,231) | $1,250 |
City averages based on Rapid City market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,712 |
| Total Monthly Debt Service | $3,695 |
| DSCR Ratio | 0.73x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2022
7,840 sqft lot
$N/A/sqft
No HOA
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
Single Family
Built in 2022
7,840 sqft lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: TROY WARD • RE/MAX ADVANTAGE
Mls Name: Black Hills AOR
Mls ID: #176423