306 S Chicago AveSioux 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 306 S Chicago Ave, Sioux Falls, SD, 57103 uses $69,582 cash to close to unlock $7,127/yr annual cash flow and $594/mo monthly cash flow. Total monthly income runs $1,920/mo, and a $1,027/mo payment keeps the spread at $594/mo. Purchase price stands at $209,900, and rental yield measures 10.98% with $1,920/mo rent. Return on cash invested shows 30.15% in year one, and 5% annual appreciation builds toward $57,992 over five years. Five-year ROI reaches 157.93% and total cumulative return in cash records $109,892. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,920/mo property income covering a $1,027/mo payment rather than investor’s personal income.
Single Family
Built in 1948
6,534 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: John P Kosters • The Experience Real Estate
Mls Name: Realtor Association of the Sioux Empire
Mls ID: #22508784