13741 W 47th Ave · Colonial Pine Hills, SD 57702

$39,500

3 bd · 2.0 ba · 1,656 sqft · SingleFamily public records · 43 Days on market

Built 1973 ↓ 17% since listing

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Why this score? — see what drove the D+ grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +15.0/30.0
• ARV discount +7.5/15.0
• 1% rule +5.0/10.0
• DSCR +5.0/10.0
• Rent growth +3.5/5.0
• Schools +3.4/10.0
• Livability +3.3/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome home to the beautiful Black Hills! This home is just a few minutes from Rapid and also right down the road from old town Rockerville. Nessled in off of Hwy 16 this home is surrounded by beautiful mature trees in a forest type feel on its own 3 acres. This 3 bed, 2 bath, 2 car garage home has had some recent updates including new Provia vinyl windows, new exterior steel doors, along with new ceiling fans, and LED light fixtures throughout. Some additional features are Hot tub, 2 exterior sheds, and a Radon mitigation system installed in 2022.

Key facts

• Provia vinyl windows
• Large living room
• Woodburning stove

Tags

• OPEN CONCEPT LARGE KITCHEN
• LARGE LIVING ROOM
• WOODBURNING STOVE
• PROVIA VINYL WINDOWS
• NEW EXTERIOR STEEL DOORS
• UPDATED CEILING FANS

Property features AI

Exterior

• Parking: Attached garage
• Home design: Residential single family site-built home; Entry level: main living on main level
• Construction: Frame construction
• Exterior features: Deck; Composition roof

Interior

• Bedrooms: 2 main-level bedrooms
• Flooring: Carpet; Hardwood
• Bathrooms: 1 full bathroom (main level)
• Heating & cooling: Heating present; Wood stove; Baseboard; Electric heating
• Interior features: Carpet and hardwood flooring; Fireplace (1); Partial basement
• Laundry & utility: Laundry in basement

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $40k.

Deal economics

• At list price, monthly cash flow is $1k ($13k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $40k).
• Recommended offer: $38k (3.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 66/100 on livability (#121 in SD) — a middle-class / working-renter tenant base. Strengths: crime A+, employment A+, housing A+; Watch: schools C-, amenities F, commute F.
• Rapid City Area School District 51-4 (urban): math 34% / reading 46% proficiency, ranked #50 of 59 in SD (top 85%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising fast (+4.1%/yr); 237 active listings in the ZIP; solid renter incomes; 1,181 units permitted in Pennington County in 2024 (715 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $273 of loan paydown is wiped out by about $1k of value loss. Plan a longer hold.
• Pennington County population projected at +28% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 4.1% rent growth), your $11k cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• It's been on market 43 days — a 3% lower offer ($38k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 4y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Climate carrying-cost: severe wildfire risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $38,315 (3.0% below list)

Questions for the listing agent

1. It's been on market 43 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1973 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
5. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
6. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
7. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 4.34% ✓
• Cap rate: 39.14%
• Cash-on-cash: 117.32%
• DSCR: 6.22
• GRM: 1.9

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 4.09% rent growth · sell at horizon

5-year hold

• IRR: —
• Equity multiple: 6.82×
• Total profit: $64,392
• Equity at exit: $5,890

10-year hold

• IRR: —
• Equity multiple: 14.82×
• Total profit: $152,826
• Equity at exit: $3,415

Cash invested: $11,060 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 83 Strongly Landlord-Friendly
• State South Dakota: 83 Strongly Landlord-Friendly · R+16
• County: — inherits STATE
• City: — inherits STATE

3-day notice; mostly landlord-friendly.

Methodology + full state rankings →

ZIP-level market 57702

• Rents YoY: 4.1%
• Active inventory: 237
• Price-to-rent: 1.9×

Monthly cashflow live

• Estimated rent: $1,714 medium
• Mortgage (P&I): −$207
• Tax est. 1.5%: −$49 /mo · $592/yr
• Insurance: −$16
• HOA: −$0
• Vacancy / Maint / Mgmt: −$360
• Net cashflow: $1,081

Break-even live

Break-even rent $346

Max offer price $39,500

Occupancy floor 32%

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $9,875
• Closing costs: $1,185
• Reserves months: —
• Total cash needed: —

Listing history 28 events

1. 2026-06-19
   days on market $39,500 Active 43 DOM
2. 2026-06-18
   days on market $39,500 Active 42 DOM
3. 2026-06-17
   days on market $39,500 Active 41 DOM
4. 2026-06-16
   days on market $39,500 Active 40 DOM
5. 2026-06-15
   days on market $39,500 Active 39 DOM
6. 2026-06-14
   days on market $39,500 Active 37 DOM
7. 2026-06-13
   days on market $39,500 Active 36 DOM
8. 2026-06-10
   days on market $39,500 Active 34 DOM
9. 2026-06-09
   days on market $39,500 Active 33 DOM
10. 2026-06-08
    days on market $39,500 Active 32 DOM
11. 2026-06-07
    days on market $39,500 Active 31 DOM
12. 2026-06-05
    days on market $39,500 Active 28 DOM
13. 2026-06-02
    days on market $39,500 Active 26 DOM
14. 2026-06-01
    days on market $39,500 Active 25 DOM
15. 2026-05-31
    days on market $39,500 Active 24 DOM
16. 2026-05-30
    days on market $39,500 Active 23 DOM
17. 2026-05-07
    listed $39,500 Active
18. 2025-06-02
    soldstatus $525,000 Closed 555-char remark

    Show marketing remark (555 chars)

    Welcome home to the beautiful Black Hills! This home is just a few minutes from Rapid and also right down the road from old town Rockerville. Nessled in off of Hwy 16 this home is surrounded by beautiful mature trees in a forest type feel on its own 3 acres. This 3 bed, 2 bath, 2 car garage home has had some recent updates including new Provia vinyl windows, new exterior steel doors, along with new ceiling fans, and LED light fixtures throughout. Some additional features are Hot tub, 2 exterior sheds, and a Radon mitigation system installed in 2022.

19. 2025-06-02
    soldstatus $525,000

    Show marketing remark (555 chars)

    Welcome home to the beautiful Black Hills! This home is just a few minutes from Rapid and also right down the road from old town Rockerville. Nessled in off of Hwy 16 this home is surrounded by beautiful mature trees in a forest type feel on its own 3 acres. This 3 bed, 2 bath, 2 car garage home has had some recent updates including new Provia vinyl windows, new exterior steel doors, along with new ceiling fans, and LED light fixtures throughout. Some additional features are Hot tub, 2 exterior sheds, and a Radon mitigation system installed in 2022.

20. 2025-04-09
    historical Active Under Contract 555-char remark

    Show marketing remark (555 chars)

    Welcome home to the beautiful Black Hills! This home is just a few minutes from Rapid and also right down the road from old town Rockerville. Nessled in off of Hwy 16 this home is surrounded by beautiful mature trees in a forest type feel on its own 3 acres. This 3 bed, 2 bath, 2 car garage home has had some recent updates including new Provia vinyl windows, new exterior steel doors, along with new ceiling fans, and LED light fixtures throughout. Some additional features are Hot tub, 2 exterior sheds, and a Radon mitigation system installed in 2022.

21. 2025-04-01
    listed $535,000 Active 555-char remark

    Show marketing remark (555 chars)

    Welcome home to the beautiful Black Hills! This home is just a few minutes from Rapid and also right down the road from old town Rockerville. Nessled in off of Hwy 16 this home is surrounded by beautiful mature trees in a forest type feel on its own 3 acres. This 3 bed, 2 bath, 2 car garage home has had some recent updates including new Provia vinyl windows, new exterior steel doors, along with new ceiling fans, and LED light fixtures throughout. Some additional features are Hot tub, 2 exterior sheds, and a Radon mitigation system installed in 2022.

22. 2022-08-05
    soldstatus $429,969 Closed 566-char remark

    Show marketing remark (566 chars)

    Listed by Rich Hegre South Dakota Properties 605-381-7424 Own your piece of the Black Hills. Minutes from downtown, medical facilities, and all the fun in the Black Hills. This home is in a park like setting, beautiful mature trees, shrubs and flowers. the home has beautiful hardwood floors, solid core doors and large family room. Take time to enjoy the quiet sitting on your back deck or in the soothing waters of the spa. If you are the entertaining type there is plenty of room for your friends and family. This will not last long. Schedule your showing today!!

23. 2022-07-29
    soldstatus $429,969
24. 2022-07-13
    listed Active Under Contract 566-char remark

    Show marketing remark (566 chars)

    Listed by Rich Hegre South Dakota Properties 605-381-7424 Own your piece of the Black Hills. Minutes from downtown, medical facilities, and all the fun in the Black Hills. This home is in a park like setting, beautiful mature trees, shrubs and flowers. the home has beautiful hardwood floors, solid core doors and large family room. Take time to enjoy the quiet sitting on your back deck or in the soothing waters of the spa. If you are the entertaining type there is plenty of room for your friends and family. This will not last long. Schedule your showing today!!

25. 2022-06-30
    listed $429,900 566-char remark

    Show marketing remark (566 chars)

    Listed by Rich Hegre South Dakota Properties 605-381-7424 Own your piece of the Black Hills. Minutes from downtown, medical facilities, and all the fun in the Black Hills. This home is in a park like setting, beautiful mature trees, shrubs and flowers. the home has beautiful hardwood floors, solid core doors and large family room. Take time to enjoy the quiet sitting on your back deck or in the soothing waters of the spa. If you are the entertaining type there is plenty of room for your friends and family. This will not last long. Schedule your showing today!!

26. 2022-05-17
    listed $429,900
27. 1995-06-01
    soldstatus $96,500
28. 1989-05-01
    soldstatus $47,500

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 8/10 Severe
• 🌡 Heat 1/10 Low 5 d/yr ≥91°F today · 11 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $20,571
• − Mortgage interest: −$2,213
• − Property taxes: −$592
• − Insurance: −$198
• − Repairs & maintenance: −$1,646
• − Management: −$1,646
• − Depreciation: −$1,149
• Taxable income: $13,128
• Est. tax owed @ 24.0%: −$3,151
• After-tax cash flow: $9,825/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Rapid City Area School District 51-4
• NCES district ID: 4659820
• Math proficiency: 34% ▼ -8.00%
• Reading proficiency: 46% ▼ -4.00%
• Median HH income: $50,145
• Composite: 34.47/100
• National rank: #5189
• State rank: #50 of 59 in SD

Livability — Colonial Pine Hills

• Score: 66/100
• State rank: #121
• US rank: #11563

Category grades

Amenities F Commute F Cost of living C+ Crime A+ Employment A+ Housing A+ Health & safety F User ratings A

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Pennington County · 99,403 people
• Metro: Rapid City, SD
• Population (ZIP): 35,595
• Household income: $91,457
• Rent vs Own: 26.9% rent · 73.1% own
• Severe rent burden: 499.0

Population outlook (Pennington County) Hauer SSP2

• Today (2025): 125,504 people
• By 2030: 133,370 · +6.3%
• By 2040: 147,505 · +17.5%
• By 2050: 160,507 · +27.9%
• By 2075: 197,585 · +57.4%
• By 2100: 241,736 · +92.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (86%)
• Race & ethnicity: White 86% Two or more races 8% Hispanic / Latino 4% Native American 2% Asian 1%
• Common ancestry: Portuguese 12% Slovak 3% Lithuanian 3%
• Foreign-born: 3% · Canada, Philippines
• Languages at home: 96% English-only · Spanish 1% German/W. Germanic 1% Arabic 1%

Political lean MEDSL · Pennington

• 2024 margin: Strong R (+26.4) · D 35.4% · R 61.9% · Other 2.7%
• 2008→2024 swing: -5.3pp toward R · 2008: -21.2pp · 2024: -26.4pp
• All cycles: 2024: R+26.4 2020: R+25.1 2016: R+33.0 2012: R+29.5 2008: R+21.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -225.08%
• Current HPI: 230.5854
• Rent YoY: ▲ 4.09%
• Metro: Rapid City, SD
• State GDP YoY: ▲ 0.70%
• F500 in state: 2

Industry mix (Fortune 500 HQ in SD)

Industry	F500 HQs	Revenue
▸Utilities	1	$1B

Price history

-16.8% since first listed

12 events — show timeline

• 2026-05-07 Listed $39,500 MRAOR
• 2025-06-02 Sold (Public Records) $525,000 Public Records
• 2025-06-02 Sold (MLS) $525,000 BHMLS
• 2025-04-09 Contingent — BHMLS
• 2025-04-01 Listed $535,000 BHMLS
• 2022-08-05 Sold (MLS) $429,969 BHMLS
• 2022-07-29 Sold (Public Records) $429,969 Public Records
• 2022-07-13 Listed — BHMLS
• 2022-06-30 Listed $429,900 BHMLS
• 2022-05-17 Listed $429,900 BHMLS
• 1995-06-01 Sold (Public Records) $96,500 Public Records
• 1989-05-01 Sold (Public Records) $47,500 Public Records

Property tax history

+4.5%/yr

Latest (2025): $4,828 · +10.9% YoY. Source: county tax records.