5513 E Morningside Circle CirSioux FallsSD57110
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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 5513 E Morningside Circle Cir, Sioux Falls, SD, 57110 generates $1,632/mo in rent and, after a $489/mo payment, leaves $1,001/mo in cash flow. Total monthly income is $1,632/mo, and annual cash flow is $12,006/yr on $33,150 invested. Return on cash invested sits at 56.13% in year one, and rental yield is 19.58% on a $100,000 entry. Equity gained on principal adds $645/yr, while 5% annual appreciation builds toward $27,628 over five years. Five-year ROI reaches 297.28% and total cumulative return in cash sums $98,548. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,632/mo property income rather than buyer’s personal income.
Lot
Built in N/A
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57110, Sioux Falls, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,693 (100%) |
| Owner Occupied HU | 6,361 (54.4%) |
| Renter Occupied HU | 3,976 (34.0%) |
| Vacant Housing Units | 1,356 (11.6%) |
| Median Home Value | $383,363 |
| Average Home Value | $454,672 |
Housing Distribution
Address Breakdown
Residential
11,428
Single Family
9,016
Multi-Family
2,412
Businesses
339
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Listed by: Randy Rozeboom • Harr & Lemme Real Estate
Mls Name: Realtor Association of the Sioux Empire
Mls Provider:
Mls ID: #22306652
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the REALTOR Association of the Sioux Empire, Inc., Multiple Listing Service. Real estate listings held by brokerage firms other than Zillow, Inc. are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Information is deemed reliable but not guaranteed. Copyright 2024 REALTOR Association of the Sioux Empire, Inc., Inc. Multiple Listing Service. All rights reserved.