5413 S St NWRapid CityMI49676
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
Rental property for sale in Rapid City at 5413 S St NW, Rapid City, MI, 49676 priced at $134,900 pairs $3,295/mo rent with $2,406/mo cash flow after a $660/mo payment. Total monthly income equals $3,295/mo, and annual cash flow comes to $28,868/yr on $44,719 invested. Return on cash invested is 84.46% in year one, and rental yield stands at 29.31% on a $134,900 basis. Equity gained on principal adds $870/yr, and 5% annual appreciation accumulates to $37,270 by year five. Five-year ROI measures 449.56% and total cumulative return in cash reaches $201,041. For financing, Ziffy Mortgage’s DSCR program evaluates $3,295/mo property income against a $660/mo payment instead of your W2s, 1099s, or Tax returns.
Manufactured
Built in 1984
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49676, Rapid City, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,806 (100%) |
| Owner Occupied HU | 1,517 (54.1%) |
| Renter Occupied HU | 207 ( 7.4%) |
| Vacant Housing Units | 1,082 (38.6%) |
| Median Home Value | $282,477 |
| Average Home Value | $414,029 |
Housing Distribution
Address Breakdown
Residential
1,828
Single Family
1,828
Multi-Family
0
Businesses
75
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Listed by: Chad Anderson • Coldwell Banker Schmidt-Kalkas
Mls Name: NGLRMLS
Mls Provider:
Mls ID: #1926819
Disclaimer: The information in this listing was gathered from third-party sources including the seller. Northern Great Lakes REALTORS MLS and its subscribers disclaim any and all representations or warranties as to the accuracy of this information. Copyright 2024 Northern Great Lakes REALTORS MLS. All Rights Reserved.