309 N Red Spruce AveSioux FallsSD57110
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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 309 N Red Spruce Ave, Sioux Falls, SD, 57110 with 5% annual appreciation on a $989,000 basis while $2,994/mo rent supports operations. 05% in year one. Equity gained on principal adds $6,382/yr, and five-year appreciation sums $273,242 alongside rental yield of 3.63%. Five-year ROI measures 39.39% and total cumulative return in cash totals $128,178. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,994/mo property income versus a $4,841/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2019
9,927 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57110, Sioux Falls, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,693 (100%) |
| Owner Occupied HU | 6,361 (54.4%) |
| Renter Occupied HU | 3,976 (34.0%) |
| Vacant Housing Units | 1,356 (11.6%) |
| Median Home Value | $383,363 |
| Average Home Value | $454,672 |
Housing Distribution
Address Breakdown
Residential
11,428
Single Family
9,016
Multi-Family
2,412
Businesses
339
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Listed by: Mark R Fiechtner • Dynamic Realty
Mls Name: Realtor Association of the Sioux Empire
Mls ID: #22507262