115 Wallace AveNorth Sioux CitySD57049
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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 North Sioux City at 115 Wallace Ave, North Sioux City, SD, 57049 priced at $155,000 pairs $1,150/mo rent with $170/mo cash flow after a $759/mo payment. Total monthly income equals $1,150/mo, and annual cash flow comes to $2,041/yr on $51,383 invested. Return on cash invested is 23.88% in year one, and rental yield stands at 8.9% on a $155,000 basis. Equity gained on principal adds $1,000/yr, and 5% annual appreciation accumulates to $42,824 by year five. Five-year ROI measures 124.42% and total cumulative return in cash reaches $63,928. For financing, Ziffy Mortgage’s DSCR program evaluates $1,150/mo property income against a $759/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1920
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57049, North Sioux City, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,494 (100%) |
| Owner Occupied HU | 2,294 (65.7%) |
| Renter Occupied HU | 1,068 (30.6%) |
| Vacant Housing Units | 132 ( 3.8%) |
| Median Home Value | $447,794 |
| Average Home Value | $495,932 |
Housing Distribution
Address Breakdown
Residential
3,392
Single Family
2,685
Multi-Family
707
Businesses
446
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Listed by: Toni Delfs • Keller Williams Siouxland
Mls Name: Northwest Iowa Regional BOR
Mls Provider:
Mls ID: #827993
Disclaimer: Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed.