1208 E 38th StSioux FallsSD57105
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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
Total monthly income runs $1,315/mo, and a $1,125/mo payment. Purchase price stands at $229,800, and rental yield measures 6.87% with $1,315/mo rent. Return on cash invested shows 17.6% in year one, and 5% annual appreciation builds toward $63,490 over five years. Five-year ROI reaches 90.72% and total cumulative return in cash records $69,112. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,315/mo property income covering a $1,125/mo payment rather than investor’s personal income.
Townhouse
Built in 1976
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57105, Sioux Falls, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,634 (100%) |
| Owner Occupied HU | 6,499 (61.1%) |
| Renter Occupied HU | 3,466 (32.6%) |
| Vacant Housing Units | 669 ( 6.3%) |
| Median Home Value | $287,839 |
| Average Home Value | $346,547 |
Housing Distribution
Address Breakdown
Residential
9,840
Single Family
8,112
Multi-Family
1,728
Businesses
1,020
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Listed by: Cindy Oyen • Midwest Realty
Mls Name: BHHS broker feed
Mls ID: #22508070