1600 S Powder House RdSioux FallsSD57110
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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
Investment property for sale in Sioux Falls at 1600 S Powder House Rd, Sioux Falls, SD, 57110 offers a 8.45% rental yield on a $425,000 purchase with $2,994/mo rent. Total monthly income registers $2,994/mo, and a $2,080/mo payment leaves $308/mo available for distribution. Annual cash flow reaches $3,700/yr on $140,888 to close, and return on cash invested stands at 22.54% in year one. Equity gained on principal adds $2,742/yr while 5% annual appreciation supports $117,420 over five years. Portfolio math shows five-year ROI at 117.12% and total cumulative return in cash at $165,005. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,994/mo property income against a $2,080/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1974
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57110, Sioux Falls, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,693 (100%) |
| Owner Occupied HU | 6,361 (54.4%) |
| Renter Occupied HU | 3,976 (34.0%) |
| Vacant Housing Units | 1,356 (11.6%) |
| Median Home Value | $383,363 |
| Average Home Value | $454,672 |
Housing Distribution
Address Breakdown
Residential
11,428
Single Family
9,016
Multi-Family
2,412
Businesses
339
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Listed by: Carman M Ward • The Experience Real Estate
Mls Name: Realtor Association of the Sioux Empire
Mls ID: #22600141