350 S Main Ave #504Sioux FallsSD57105
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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
Total monthly income runs $1,456/mo, and a $6,363/mo payment. Purchase price stands at $1,300,000, and rental yield measures 1.34% with $1,456/mo rent. Return on cash invested shows 1.11% in year one, and 5% annual appreciation builds toward $359,166 over five years. Five-year ROI reaches 2.12% and total cumulative return in cash records $8,943. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,456/mo property income covering a $6,363/mo payment rather than investor’s personal income.
Condo
Built in 2018
701.32 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57105, Sioux Falls, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,634 (100%) |
| Owner Occupied HU | 6,499 (61.1%) |
| Renter Occupied HU | 3,466 (32.6%) |
| Vacant Housing Units | 669 ( 6.3%) |
| Median Home Value | $287,839 |
| Average Home Value | $346,547 |
Housing Distribution
Address Breakdown
Residential
9,840
Single Family
8,112
Multi-Family
1,728
Businesses
1,020
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Listed by: Justin J Garry • Hegg, REALTORS
Mls Name: Realtor Association of the Sioux Empire
Mls ID: #22600003