350 S Main Ave #504Sioux FallsSD57104
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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 350 S Main Ave #504, Sioux Falls, SD, 57104 generates $4,207/mo in rent, after a $6,290/mo payment. Total monthly income is $4,207/mo. Return on cash invested sits at 9.09% in year one, and rental yield is 3.93% on a $1,285,200 entry. Equity gained on principal adds $8,293/yr, while 5% annual appreciation builds toward $355,077 over five years. Five-year ROI reaches 44.9% and total cumulative return in cash sums $186,961. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,207/mo property income rather than buyer’s personal income.
Condo
Built in 2017
1,836 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57104, Sioux Falls, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,149 (100%) |
| Owner Occupied HU | 5,289 (37.4%) |
| Renter Occupied HU | 7,613 (53.8%) |
| Vacant Housing Units | 1,247 ( 8.8%) |
| Median Home Value | $223,674 |
| Average Home Value | $261,086 |
Housing Distribution
Address Breakdown
Residential
12,719
Single Family
7,892
Multi-Family
4,827
Businesses
1,793
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Listed by: N/A • N/A
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