2028 S Sonoma PlSioux FallsSD57106
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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
Rental property for sale in Sioux Falls at 2028 S Sonoma Pl, Sioux Falls, SD, 57106 priced at $329,800 converts $1,586/mo rent into after a $1,614/mo obligation. Total monthly income equals $1,586/mo. Return on cash invested prints 12.69% in year one, and rental yield reads 5.77% against a $329,800 entry. Equity gained on principal adds $2,128/yr, while 5% annual appreciation compiles into $91,118 by year five. Five-year ROI reaches 64.96% and total cumulative return in cash sums $71,024. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,586/mo property income covering a $1,614/mo payment, not borrower’s personal income.
Townhouse
Built in 2023
5,040 sqft lot
$N/A/sqft
$160 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57106, Sioux Falls, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,609 (100%) |
| Owner Occupied HU | 12,891 (57.0%) |
| Renter Occupied HU | 8,716 (38.6%) |
| Vacant Housing Units | 1,002 ( 4.4%) |
| Median Home Value | $305,000 |
| Average Home Value | $346,557 |
Housing Distribution
Address Breakdown
Residential
22,105
Single Family
16,423
Multi-Family
5,682
Businesses
1,068
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Listed by: Amy Evans • House 2 Home LLC
Mls Name: Realtor Association of the Sioux Empire
Mls Provider:
Mls ID: #22402155
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 2024 REALTOR Association of the Sioux Empire, Inc., Inc. Multiple Listing Service. All rights reserved.