209 Merrill AveNorth Sioux CitySD57049
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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 North Sioux City at 209 Merrill Ave, North Sioux City, SD, 57049 generates $3,012/mo in rent and, after a $1,786/mo payment, leaves $652/mo in cash flow. Total monthly income is $3,012/mo, and annual cash flow is $7,823/yr on $120,964 invested. Return on cash invested sits at 26.38% in year one, and rental yield is 9.91% on a $364,900 entry. Equity gained on principal adds $2,355/yr, while 5% annual appreciation builds toward $100,815 over five years. Five-year ROI reaches 137.87% and total cumulative return in cash sums $166,776. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,012/mo property income rather than buyer’s personal income.
Single Family
Built in 2020
9,184 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57049, North Sioux City, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,494 (100%) |
| Owner Occupied HU | 2,294 (65.7%) |
| Renter Occupied HU | 1,068 (30.6%) |
| Vacant Housing Units | 132 ( 3.8%) |
| Median Home Value | $447,794 |
| Average Home Value | $495,932 |
Housing Distribution
Address Breakdown
Residential
3,392
Single Family
2,685
Multi-Family
707
Businesses
446
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Listed by: Rachel Carlson • RE/MAX Experience
Mls Name: Northwest Iowa Regional BOR
Mls Provider:
Mls ID: #827940
Disclaimer: Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed.