19 photos
$249,900
211 E Monroe St
Rapid City, SD 57701
TONY MARSHALL, CINC REALTY LLC · (605) 391-8669
What the listing says
GREAT PRICE. GREAT CONDITION. Nearly a 9% cap rate investment calculated using a 5% vacancy & excellent rental history (no capex reserve included). Seller financing terms, in the form of a 2nd mortgage, for example, may be considered. Other duplex properties also available. Listed by Tony Marshall, CINC Realty, 605-391-8669.
See the original listing ↗This listing mentions owner financing. Terms are set by each seller and are negotiable. The description and numbers come from the listing and Zillow; confirm availability, the price and any financing with the seller or their agent.
Property Details
Property Type
Multi-Family
HOA
None
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Questions about owner financing in Rapid City
What is owner financing for 211 E Monroe St?
Owner financing means the seller of 211 E Monroe St acts as the lender. Instead of getting a mortgage from a bank, you make monthly payments directly to the property owner. The listing for this Rapid City, SD home mentions owner financing; confirm it with the seller.
Do I need good credit for owner financing?
There's no bank approval, but each seller sets their own requirements. Some check credit, income or references; others don't. Ask the seller or their agent what they need.
How much is the down payment for this Rapid City home?
There is no standard down payment. The seller of this Rapid City home sets their own, and it is negotiable. Ask the seller or their agent.