840 N Spruce St LOT 395Rapid CitySD57701
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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 840 N Spruce St LOT 395, Rapid City, SD, 57701 generates $1,030/mo in rent and, after a $636/mo payment, leaves $209/mo in cash flow. Total monthly income is $1,030/mo, and annual cash flow is $2,505/yr on $43,095 invested. Return on cash invested sits at 25.72% in year one, and rental yield is 9.51% on a $130,000 entry. Equity gained on principal adds $839/yr, while 5% annual appreciation builds toward $35,917 over five years. Five-year ROI reaches 134.19% and total cumulative return in cash sums $57,831. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,030/mo property income rather than buyer’s personal income.
Manufactured
Built in 2012
N/A 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
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Listed by: JAKE ELSASSER • RE/MAX RESULTS
Mls Name: Black Hills AOR
Mls ID: #175003