1016 N Harlem AveSioux FallsSD57104
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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
Rental property for sale in Sioux Falls at 1016 N Harlem Ave, Sioux Falls, SD, 57104 generates $2,490/mo in rent and, after a $1,268/mo payment, leaves $853/mo in cash flow. Total monthly income is $2,490/mo, and annual cash flow is $10,235/yr on $85,859 invested. Return on cash invested sits at 31.83% in year one, and rental yield is 11.54% on a $259,000 entry. Equity gained on principal adds $1,671/yr, while 5% annual appreciation builds toward $71,557 over five years. Five-year ROI reaches 166.93% and total cumulative return in cash sums $143,320. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,490/mo property income rather than buyer’s personal income.
Single Family
Built in 1979
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57104, Sioux Falls, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,149 (100%) |
| Owner Occupied HU | 5,289 (37.4%) |
| Renter Occupied HU | 7,613 (53.8%) |
| Vacant Housing Units | 1,247 ( 8.8%) |
| Median Home Value | $223,674 |
| Average Home Value | $261,086 |
Housing Distribution
Address Breakdown
Residential
12,719
Single Family
7,892
Multi-Family
4,827
Businesses
1,793
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Listed by: Lisa K Touney • RE/MAX Professionals Inc
Mls Name: Realtor Association of the Sioux Empire
Mls ID: #22505737