1609 E Edgewood RdSioux 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
Investment property for sale in Sioux Falls at 1609 E Edgewood Rd, Sioux Falls, SD, 57103 earns from $2,250/mo rent with a $4,547/mo payment. Total monthly income totals $2,250/mo. ROI tracks 5.84% on current figures, and rental yield reads 2.91% at a $929,000 purchase. Equity gained on principal adds $5,995/yr, and 5% annual appreciation supports $256,666 over five years. Five-year ROI reaches 27.57% and total cumulative return in cash sums $84,260. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,250/mo property income instead of your personal income.
Single Family
Built in 1968
0.51 Acres 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: Chere Rosa de Sharon • HomeSmart Adventure Realty
Mls Name: Realtor Association of the Sioux Empire
Mls ID: #22507226