1700 W 18th StSioux FallsSD57104
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayMarkets with strong demand fundamentals often produce low-yield, high-appreciation assets. 1700 W 18th St, Sioux Falls, SD, 57104 in Sioux Falls fits: $345,000, 5.68% gross yield, and a projected 5% annual appreciation rate adding $95,317 in value within five years. Rental yield 5.68%. The narrow rent-to-debt spread is the trade-off for market growth. Ziffy Mortgage's DSCR loan (1.05) finances non-U.S. buyers without personal income documentation; optimise coverage with a 30–35% down payment. $3,177/yr in principal paydown and $95,317 in appreciation project a total return of $95,913.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 5.7% | 6.8% |
| Monthly Cash Flow | $(546) | $450 |
City averages based on Sioux Falls market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,634 |
| Total Monthly Debt Service | $2,043 |
| DSCR Ratio | 0.80x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1940
8,315 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1940
8,315 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Tony J Ratchford • Keller Williams Realty Sioux Falls
Mls Name: Realtor Association of the Sioux Empire
Mls Provider:
Mls ID: #22507045
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the REALTOR Association of the Sioux Empire, Inc., Multiple Listing Service. Real estate listings held by brokerage firms other than Zillow, Inc. are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Information is deemed reliable but not guaranteed. Copyright 2025 REALTOR Association of the Sioux Empire, Inc., Inc. Multiple Listing Service. All rights reserved.