1717 S Spring AveSioux FallsSD57105
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
Investment Highlights
Investment property for sale in Sioux Falls at 1717 S Spring Ave, Sioux Falls, SD, 57105 offers a 7.59% rental yield on a $349,900 purchase with $2,212/mo rent. Total monthly income registers $2,212/mo, and a $1,713/mo payment leaves $0/mo available for distribution. Annual cash flow reaches $5/yr on $115,992 to close, and return on cash invested stands at 19.91% in year one. Equity gained on principal adds $2,258/yr while 5% annual appreciation supports $96,671 over five years. Portfolio math shows five-year ROI at 103.05% and total cumulative return in cash at $119,526. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,212/mo property income against a $1,713/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1925
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57105, Sioux Falls, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,634 (100%) |
| Owner Occupied HU | 6,499 (61.1%) |
| Renter Occupied HU | 3,466 (32.6%) |
| Vacant Housing Units | 669 ( 6.3%) |
| Median Home Value | $287,839 |
| Average Home Value | $346,547 |
Housing Distribution
Address Breakdown
Residential
9,840
Single Family
8,112
Multi-Family
1,728
Businesses
1,020
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Brett J Sichmeller • Alpine Residential
Mls Name: Realtor Association of the Sioux Empire
Mls ID: #22505772