1600 S Southeastern Ave APT 202Sioux FallsSD57103
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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 1600 S Southeastern Ave APT 202, Sioux Falls, SD, 57103 generates $1,150/mo in rent, after a $1,101/mo payment. Total monthly income is $1,150/mo. Return on cash invested sits at 15.54% in year one, and rental yield is 6.13% on a $225,000 entry. Equity gained on principal adds $1,452/yr, while 5% annual appreciation builds toward $62,163 over five years. Five-year ROI reaches 79.62% and total cumulative return in cash sums $59,385. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,150/mo property income rather than buyer’s personal income.
Condo
Built in 1996
3,171 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57103, Sioux Falls, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,867 (100%) |
| Owner Occupied HU | 9,800 (61.8%) |
| Renter Occupied HU | 5,171 (32.6%) |
| Vacant Housing Units | 896 ( 5.6%) |
| Median Home Value | $293,831 |
| Average Home Value | $337,449 |
Housing Distribution
Address Breakdown
Residential
14,733
Single Family
11,590
Multi-Family
3,143
Businesses
662
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Listed by: Michael T Raynie • 605 Real Estate LLC
Mls Name: Realtor Association of the Sioux Empire
Mls ID: #22600113