2401 E 18th StSioux FallsSD57103
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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 2401 E 18th St, Sioux Falls, SD, 57103 offers a 11% rental yield on a $209,500 purchase with $1,920/mo rent. Total monthly income registers $1,920/mo, and a $1,025/mo payment leaves $596/mo available for distribution. Annual cash flow reaches $7,158/yr on $69,449 to close, and return on cash invested stands at 30.22% in year one. Equity gained on principal adds $1,352/yr while 5% annual appreciation supports $57,881 over five years. Portfolio math shows five-year ROI at 158.31% and total cumulative return in cash at $109,947. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,920/mo property income against a $1,025/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1955
6,507 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57103, Sioux Falls, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,867 (100%) |
| Owner Occupied HU | 9,800 (61.8%) |
| Renter Occupied HU | 5,171 (32.6%) |
| Vacant Housing Units | 896 ( 5.6%) |
| Median Home Value | $293,831 |
| Average Home Value | $337,449 |
Housing Distribution
Address Breakdown
Residential
14,733
Single Family
11,590
Multi-Family
3,143
Businesses
662
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Listed by: Zackary A Neve • eXp Realty
Mls Name: Realtor Association of the Sioux Empire
Mls ID: #22508067