6975 Gillett Rd NWRapid CityMI49676
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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 6975 Gillett Rd NW, Rapid City, MI, 49676 priced at $136,000 pairs $2,065/mo rent with $1,085/mo cash flow after a $666/mo payment. Total monthly income equals $2,065/mo, and annual cash flow comes to $13,014/yr on $45,084 invested. Return on cash invested is 48.78% in year one, and rental yield stands at 18.22% on a $136,000 basis. Equity gained on principal adds $878/yr, and 5% annual appreciation accumulates to $37,574 by year five. Five-year ROI measures 259.04% and total cumulative return in cash reaches $116,786. For financing, Ziffy Mortgage’s DSCR program evaluates $2,065/mo property income against a $666/mo payment instead of your W2s, 1099s, or Tax returns.
Home Type Unknown
Built in N/A
80 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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Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A