LOT 1 Coley RdSpearfishSD57783
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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 LOT 1 Coley Rd, Spearfish, SD, 57783 with 5% annual appreciation on a $849,000 basis while $6,146/mo rent supports operations. Total monthly income totals $6,146/mo and a $4,155/mo payment preserves $781/mo for cash returns. Annual cash flow comes to $9,374/yr on $279,321 deployed, and return on cash invested reaches 23.42% in year one. Equity gained on principal adds $5,478/yr, and five-year appreciation sums $234,563 alongside rental yield of 8.69%. Five-year ROI measures 121.8% and total cumulative return in cash totals $340,208.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $6,146/mo property income versus a $4,155/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2024
0.36 Acres 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: Michael Warwick • Great Peaks Realty
Mls Name: Mount Rushmore Area AOR
Mls ID: #85267