840 W Jackson BlvdSpearfishSD57783
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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 840 W Jackson Blvd, Spearfish, SD, 57783 priced at $360,000 converts $2,543/mo rent into $268/mo cash flow after a $1,762/mo obligation. Total monthly income equals $2,543/mo, and annual cash flow totals $3,216/yr on $119,340 invested. Return on cash invested prints 22.6% in year one, and rental yield reads 8.48% against a $360,000 entry. Equity gained on principal adds $2,323/yr, while 5% annual appreciation compiles into $99,461 by year five. Five-year ROI reaches 117.44% and total cumulative return in cash sums $140,157. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,543/mo property income covering a $1,762/mo payment, not borrower’s personal income.
Single Family
Built in 1974
6,534 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: Krista Heid • Engel & Voelkers Black Hills Spearfish
Mls Name: Mount Rushmore Area AOR
Mls ID: #86700