408 S Saint Paul 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 Saint Paul Ave, Sioux Falls, SD, 57103 offers $1,920/mo rent that, after a $1,162/mo payment, leaves $420/mo cash flow. Total monthly income is $1,920/mo, and annual cash flow is $5,035/yr on $78,731 cash. Return on cash invested measures 26.3% in year one, and rental yield stands at 9.7% at a $237,500 entry. Equity gained on principal adds $1,533/yr while 5% annual appreciation compounds into $65,617 by year five. Five-year ROI records 137.32% and total cumulative return in cash reaches $108,117. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,920/mo property income versus a $1,162/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1953
6,865 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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Listed by: Cindy F Wills • Berkshire Hathaway HomeServices Midwest Realty - Sioux Falls
Mls Name: Realtor Association of the Sioux Empire
Mls ID: #22600248