509 S Kennedy AveSioux FallsSD57103
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 509 S Kennedy Ave, Sioux Falls, SD, 57103 priced at $196,500 pairs $1,920/mo rent with $678/mo cash flow after a $962/mo payment. Total monthly income equals $1,920/mo, and annual cash flow comes to $8,136/yr on $65,140 invested. Return on cash invested is 32.4% in year one, and rental yield stands at 11.73% on a $196,500 basis. Equity gained on principal adds $1,268/yr, and 5% annual appreciation accumulates to $54,289 by year five. Five-year ROI measures 169.98% and total cumulative return in cash reaches $110,725. For financing, Ziffy Mortgage’s DSCR program evaluates $1,920/mo property income against a $962/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1980
6,634 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jay D Hoover • Harr & Lemme Real Estate
Mls Name: Realtor Association of the Sioux Empire
Mls ID: #22506522