1605 W 9th StSioux FallsSD57104
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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 1605 W 9th St, Sioux Falls, SD, 57104 offers a 7.65% rental yield on a $239,900 purchase with $1,530/mo rent. Total monthly income registers $1,530/mo, and a $1,174/mo payment leaves $14/mo available for distribution. Annual cash flow reaches $170/yr on $79,527 to close, and return on cash invested stands at 20.12% in year one. Equity gained on principal adds $1,548/yr while 5% annual appreciation supports $66,280 over five years. Portfolio math shows five-year ROI at 104.21% and total cumulative return in cash at $82,879. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,530/mo property income against a $1,174/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1936
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57104, Sioux Falls, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,149 (100%) |
| Owner Occupied HU | 5,289 (37.4%) |
| Renter Occupied HU | 7,613 (53.8%) |
| Vacant Housing Units | 1,247 ( 8.8%) |
| Median Home Value | $223,674 |
| Average Home Value | $261,086 |
Housing Distribution
Address Breakdown
Residential
12,719
Single Family
7,892
Multi-Family
4,827
Businesses
1,793
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Listed by: Deborah G Pulscher • Real Estate Retrievers of Sioux Falls
Mls Name: Realtor Association of the Sioux Empire
Mls ID: #22600013