6562 Receda StRapid CitySD57703
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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 6562 Receda St, Rapid City, SD, 57703 priced at $374,900 converts $3,395/mo rent into $1,026/mo cash flow after a $1,835/mo obligation. Total monthly income equals $3,395/mo, and annual cash flow totals $12,309/yr on $124,279 invested. Return on cash invested prints 29.81% in year one, and rental yield reads 10.87% against a $374,900 entry. Equity gained on principal adds $2,419/yr, while 5% annual appreciation compiles into $103,578 by year five. Five-year ROI reaches 156.13% and total cumulative return in cash sums $194,035. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,395/mo property income covering a $1,835/mo payment, not borrower’s personal income.
Single Family
Built in 2025
10,018 sqft lot
$N/A/sqft
No HOA
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Nearby investment properties with comparable prices
Listed by: Bart Miller • RE/MAX Results
Mls Name: Mount Rushmore Area AOR
Mls Provider:
Mls ID: #82941
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