1104 W 57th St APT 306Sioux FallsSD57108
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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 1104 W 57th St APT 306, Sioux Falls, SD, 57108 generates $1,340/mo in rent, after a $856/mo payment. Total monthly income is $1,340/mo. Return on cash invested sits at 18.56% in year one, and rental yield is 9.19% on a $174,900 entry. Equity gained on principal adds $1,129/yr, while 5% annual appreciation builds toward $48,322 over five years. Five-year ROI reaches 98.04% and total cumulative return in cash sums $56,844. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,340/mo property income rather than buyer’s personal income.
Condo
Built in 1984
2,003 sqft lot
$N/A/sqft
$300 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57108, Sioux Falls, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,645 (100%) |
| Owner Occupied HU | 9,045 (54.3%) |
| Renter Occupied HU | 6,307 (37.9%) |
| Vacant Housing Units | 1,293 ( 7.8%) |
| Median Home Value | $421,744 |
| Average Home Value | $525,253 |
Housing Distribution
Address Breakdown
Residential
16,408
Single Family
13,944
Multi-Family
2,464
Businesses
1,036
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Listed by: Dick Hahn • RE/MAX Professionals Inc
Mls Name: Realtor Association of the Sioux Empire
Mls Provider:
Mls ID: #22503623
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the REALTOR Association of the Sioux Empire, Inc., Multiple Listing Service. Real estate listings held by brokerage firms other than Zillow, Inc. are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Information is deemed reliable but not guaranteed. Copyright 2025 REALTOR Association of the Sioux Empire, Inc., Inc. Multiple Listing Service. All rights reserved.