511 37th StRapid 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 511 37th St, Rapid City, SD, 57702 uses $103,428 cash to close to unlock $317/yr annual cash flow and $26/mo monthly cash flow. Total monthly income runs $1,998/mo, and a $1,527/mo payment keeps the spread at $26/mo. Purchase price stands at $312,000, and rental yield measures 7.68% with $1,998/mo rent. Return on cash invested shows 20.22% in year one, and 5% annual appreciation builds toward $86,200 over five years. Five-year ROI reaches 104.68% and total cumulative return in cash records $108,263. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,998/mo property income covering a $1,527/mo payment rather than investor’s personal income.
Single Family
Built in 1949
6,969 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: Kelly Mcgregor • BERKSHIRE HATHAWAY HOMESERVICES MIDWEST REALTY
Mls Name: Black Hills AOR
Mls Provider:
Mls ID: #172539
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (IDX) program of Black Hills Association of REALTORS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Deemed Reliable But Not Guaranteed.