1612 E 2nd StSioux 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 1612 E 2nd St, Sioux Falls, SD, 57103 listed at $229,800 pairs $1,653/mo rent with a $1,125/mo payment to leave $201/mo cash flow. Total monthly income runs $1,653/mo, and annual cash flow reaches $2,406/yr on $76,179 cash to close. Return on cash invested measures 23.07% in year one, and rental yield registers 8.63% at a $229,800 basis. Equity gained on principal adds $1,483/yr, and annual property appreciation at 5% supports $63,490 by year five. Five-year ROI tracks 119.99% and total cumulative return in cash totals $91,408. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,653/mo property income relative to a $1,125/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1959
N/A 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: Tracy Munce • Midwest Realty
Mls Name: BHHS broker feed
Mls ID: #22505116