2803 S Terry AveSioux 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 2803 S Terry Ave, Sioux Falls, SD, 57106 offers $1,586/mo rent that, after a $3,891/mo payment. Total monthly income is $1,586/mo. Return on cash invested measures 4.29% in year one, and rental yield stands at 2.39% at a $794,900 entry. Equity gained on principal adds $5,129/yr while 5% annual appreciation compounds into $219,616 by year five. Five-year ROI records 19.21% and total cumulative return in cash reaches $50,246. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,586/mo property income versus a $3,891/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Townhouse
Built in 2022
2,160 sqft lot
$N/A/sqft
No 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: Rebecca M Ohayon • Coldwell Banker Empire Realty
Mls Name: Realtor Association of the Sioux Empire
Mls ID: #22507060