6881 Walleye WayBlack HawkSD57718
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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 Black Hawk at 6881 Walleye Way, Black Hawk, SD, 57718 priced at $1,300,000 converts $5,084/mo rent into after a $6,363/mo obligation. Total monthly income equals $5,084/mo. Return on cash invested prints 11.45% in year one, and rental yield reads 4.69% against a $1,300,000 entry. Equity gained on principal adds $8,389/yr, while 5% annual appreciation compiles into $359,166 by year five. Five-year ROI reaches 57.55% and total cumulative return in cash sums $242,403. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,084/mo property income covering a $6,363/mo payment, not borrower’s personal income.
Single Family
Built in 2025
3.97 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57718, Black Hawk, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,174 (100%) |
| Owner Occupied HU | 2,560 (80.7%) |
| Renter Occupied HU | 467 (14.7%) |
| Vacant Housing Units | 147 ( 4.6%) |
| Median Home Value | $311,684 |
| Average Home Value | $333,230 |
Housing Distribution
Address Breakdown
Residential
2,850
Single Family
2,850
Multi-Family
0
Businesses
261
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Listed by: Bill E Phillips • The Real Estate Center of Sturgis
Mls Name: Mount Rushmore Area AOR
Mls ID: #86053