408 S Blaine AveSioux 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
Rental property for sale in Sioux Falls at 408 S Blaine Ave, Sioux Falls, SD, 57103 priced at $189,500 converts $1,372/mo rent into $174/mo cash flow after a $928/mo obligation. Total monthly income equals $1,372/mo, and annual cash flow totals $2,088/yr on $62,819 invested. Return on cash invested prints 23.23% in year one, and rental yield reads 8.69% against a $189,500 entry. Equity gained on principal adds $1,223/yr, while 5% annual appreciation compiles into $52,355 by year five. Five-year ROI reaches 120.82% and total cumulative return in cash sums $75,899. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,372/mo property income covering a $928/mo payment, not borrower’s personal income.
Single Family
Built in 1958
7,392 sqft 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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