816 W Minnesota StRapid CitySD57701
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 816 W Minnesota St, Rapid City, SD, 57701 priced at $1,545,000 converts $4,379/mo rent into after a $7,562/mo obligation. Total monthly income equals $4,379/mo. Return on cash invested prints 7.46% in year one, and rental yield reads 3.4% against a $1,545,000 entry. Equity gained on principal adds $9,970/yr, while 5% annual appreciation compiles into $426,855 by year five. Five-year ROI reaches 36.17% and total cumulative return in cash sums $181,071. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,379/mo property income covering a $7,562/mo payment, not borrower’s personal income.
Single Family
Built in 2022
1.12 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57701, Rapid City, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,911 (100%) |
| Owner Occupied HU | 11,148 (48.7%) |
| Renter Occupied HU | 10,021 (43.7%) |
| Vacant Housing Units | 1,742 ( 7.6%) |
| Median Home Value | $286,770 |
| Average Home Value | $316,857 |
Housing Distribution
Address Breakdown
Residential
20,368
Single Family
16,786
Multi-Family
3,582
Businesses
2,132
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: TJ Wojtanowicz • Black Hills SD Realty
Mls Name: Mount Rushmore Area AOR
Mls ID: #84937