Rapid City, SD — Rental Investment Analysis
🔴WEAK— appreciation play onlyCap Rate
3.1%
Below average
Monthly Cash Flow
-$828
After all expenses
Price-to-Rent
17.1
Overpriced for rent
DSCR
0.49
Fails
📊 Key Metrics
- Median Home Price
- $359,453
- Average Rent (3BR)
- $1,670/mo
- Price-to-Rent Ratio
- 17.1(high)
- 1% Rule
- 0.49%(fails — need 1%+)
- Cash-on-Cash Return
- -14.3%
- Vacancy Rate
- 8.0%
📈 Market Strength
- Unemployment Rate
- 2.2%(-2.1% vs national)
- Rent Growth (YoY)
- +2.9%(national avg)
- Population Growth
- +0.30000000000000004% YoY
Assumptions Used
20% down, 7.000000000000001% rate, 30yr, 8% vacancy, 10% maintenance
Customize these numbers →Property Tax Rate
1.14%
of assessed value (SD avg)
Median Income
$63,920
household (SD avg)
Rent-to-Income
31.4%
Moderate
Section 8 Max Rent
$1,670/mo
3BR voucher payment
🏛️ SD Investor Climate
Landlord Friendly
8/10
State Income Tax
✅ None
Property Tax
1.14% effective
Population Trend
+0.30000000000000004% (3yr)