3608 S Gateway Blvd APT 304Sioux FallsSD57106
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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 3608 S Gateway Blvd APT 304, Sioux Falls, SD, 57106 offers a 9.2% rental yield on a $110,000 purchase with $843/mo rent. Total monthly income registers $843/mo, and a $538/mo payment leaves $148/mo available for distribution. Annual cash flow reaches $1,779/yr on $36,465 to close, and return on cash invested stands at 24.79% in year one. Equity gained on principal adds $710/yr while 5% annual appreciation supports $30,391 over five years. Portfolio math shows five-year ROI at 129.3% and total cumulative return in cash at $47,148. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $843/mo property income against a $538/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1977
479.16 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57106, Sioux Falls, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,609 (100%) |
| Owner Occupied HU | 12,891 (57.0%) |
| Renter Occupied HU | 8,716 (38.6%) |
| Vacant Housing Units | 1,002 ( 4.4%) |
| Median Home Value | $305,000 |
| Average Home Value | $346,557 |
Housing Distribution
Address Breakdown
Residential
22,105
Single Family
16,423
Multi-Family
5,682
Businesses
1,068
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Listed by: Charity J Mcknight • Alpine Residential
Mls Name: Realtor Association of the Sioux Empire
Mls ID: #22508078