3209 S Nic Ann CtSioux 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 3209 S Nic Ann Ct, Sioux Falls, SD, 57103 offers a 1.59% rental yield on a $1,700,000 purchase with $2,250/mo rent. 87% in year one. Equity gained on principal adds $10,970/yr while 5% annual appreciation supports $469,679 over five years. Portfolio math shows five-year ROI at 6.16% and total cumulative return in cash at $33,943. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,250/mo property income against a $8,321/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2002
0.83 Acres 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: Angie Larson • Hegg, REALTORS
Mls Name: Realtor Association of the Sioux Empire
Mls ID: #22507223