513 S Edward DrSioux 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 513 S Edward Dr, Sioux Falls, SD, 57103 priced at $244,800 converts $2,372/mo rent into $825/mo cash flow after a $1,198/mo obligation. Total monthly income equals $2,372/mo, and annual cash flow totals $9,902/yr on $81,151 invested. Return on cash invested prints 32.11% in year one, and rental yield reads 11.63% against a $244,800 entry. Equity gained on principal adds $1,580/yr, while 5% annual appreciation compiles into $67,634 by year five. Five-year ROI reaches 168.5% and total cumulative return in cash sums $136,737. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,372/mo property income covering a $1,198/mo payment, not borrower’s personal income.
Single Family
Built in 1964
8,232 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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