5805 W Elmwood DrBlack HawkSD57718
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThis Black Hawk rental at 5805 W Elmwood Dr, Black Hawk, SD, 57718 sits in the solid-income band: 8.81% gross yield, $2,422/mo rent, $337/mo net after the $1,483/mo debt service, DSCR 1.63. Entry price of $329,900 is well-calibrated for the income it produces. Ziffy Mortgage finances this type of asset on rental income alone, no tax returns, no U.S. credit profile. Projected five-year appreciation of $91,145 and $3,038/yr in principal reduction bring total cumulative return to $147,007.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 8.8% | 6.2% |
| Monthly Cash Flow | $337 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $2,422 |
| Total Monthly Debt Service | $1,954 |
| DSCR Ratio | 1.24x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1980
0.39 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57718, Black Hawk, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,174 (100%) |
| Owner Occupied HU | 2,560 (80.7%) |
| Renter Occupied HU | 467 (14.7%) |
| Vacant Housing Units | 147 ( 4.6%) |
| Median Home Value | $311,684 |
| Average Home Value | $333,230 |
Housing Distribution
Address Breakdown
Residential
2,850
Single Family
2,850
Multi-Family
0
Businesses
261
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
Single Family
Built in 1980
0.39 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57718, Black Hawk, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,174 (100%) |
| Owner Occupied HU | 2,560 (80.7%) |
| Renter Occupied HU | 467 (14.7%) |
| Vacant Housing Units | 147 ( 4.6%) |
| Median Home Value | $311,684 |
| Average Home Value | $333,230 |
Housing Distribution
Address Breakdown
Residential
2,850
Single Family
2,850
Multi-Family
0
Businesses
261
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: Black Hills AOR
Mls ID: #179744