Drake Ct LOT G9RSpearfishSD57783
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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
Investment property for sale in Spearfish at Drake Ct LOT G9R, Spearfish, SD, 57783 offers a 4.9% rental yield on a $807,100 purchase with $3,298/mo rent. 92% in year one. Equity gained on principal adds $5,208/yr while 5% annual appreciation supports $222,987 over five years. Portfolio math shows five-year ROI at 60.12% and total cumulative return in cash at $159,629. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,298/mo property income against a $3,950/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Home Type Unknown
Built in N/A
N/A 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: N/A • N/A
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