215 S Garfield AveSioux FallsSD57104
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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 215 S Garfield Ave, Sioux Falls, SD, 57104 uses $36,465 cash to close to unlock $2,031/yr annual cash flow and $169/mo monthly cash flow. Total monthly income runs $864/mo, and a $538/mo payment keeps the spread at $169/mo. Purchase price stands at $110,000, and rental yield measures 9.43% with $864/mo rent. Return on cash invested shows 25.48% in year one, and 5% annual appreciation builds toward $30,391 over five years. Five-year ROI reaches 132.98% and total cumulative return in cash records $48,492. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $864/mo property income covering a $538/mo payment rather than investor’s personal income.
Single Family
Built in 1939
5,806 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
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Listed by: Ryan R Olson • 605 Real Estate LLC
Mls Name: Realtor Association of the Sioux Empire
Mls ID: #22508441