811 Verdale DrSpearfishSD57783
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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 Spearfish at 811 Verdale Dr, Spearfish, SD, 57783 offers $2,668/mo rent that, after a $1,880/mo payment, leaves $241/mo cash flow. Total monthly income is $2,668/mo, and annual cash flow is $2,886/yr on $127,362 cash. Return on cash invested measures 22.18% in year one, and rental yield stands at 8.33% at a $384,200 entry. Equity gained on principal adds $2,479/yr while 5% annual appreciation compounds into $106,147 by year five. Five-year ROI records 115.17% and total cumulative return in cash reaches $146,687. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,668/mo property income versus a $1,880/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1966
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57783, Spearfish, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,896 (100%) |
| Owner Occupied HU | 4,819 (54.2%) |
| Renter Occupied HU | 3,135 (35.2%) |
| Vacant Housing Units | 942 (10.6%) |
| Median Home Value | $357,200 |
| Average Home Value | $433,585 |
Housing Distribution
Address Breakdown
Residential
7,630
Single Family
6,881
Multi-Family
749
Businesses
978
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Listed by: Matt Newton • Keller Williams Realty Black Hills SP
Mls Name: Mount Rushmore Area AOR
Mls ID: #85525