2608 N Lyme Grass AveSioux FallsSD57107
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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 2608 N Lyme Grass Ave, Sioux Falls, SD, 57107 priced at $265,000 converts $2,436/mo rent into $761/mo cash flow after a $1,297/mo obligation. Total monthly income equals $2,436/mo, and annual cash flow totals $9,137/yr on $87,848 invested. Return on cash invested prints 30.31% in year one, and rental yield reads 11.03% against a $265,000 entry. Equity gained on principal adds $1,710/yr, while 5% annual appreciation compiles into $73,215 by year five. Five-year ROI reaches 158.82% and total cumulative return in cash sums $139,515. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,436/mo property income covering a $1,297/mo payment, not borrower’s personal income.
Manufactured
Built in 2004
0.38 Acres lot
$N/A/sqft
No HOA
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Nearby investment properties with comparable prices
Listed by: Bryan J Appl • Amy Stockberger Real Estate
Mls Name: Realtor Association of the Sioux Empire
Mls Provider:
Mls ID: #22503268
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