6020 S Kerry AveSioux FallsSD57106
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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 6020 S Kerry Ave, Sioux Falls, SD, 57106 generates $1,936/mo in rent, after a $1,640/mo payment. Total monthly income is $1,936/mo. Return on cash invested sits at 17.95% in year one, and rental yield is 6.93% on a $335,000 entry. Equity gained on principal adds $2,162/yr, while 5% annual appreciation builds toward $92,554 over five years. Five-year ROI reaches 92.52% and total cumulative return in cash sums $102,740. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,936/mo property income rather than buyer’s personal income.
Single Family
Built in 2005
9,043 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57106, Sioux Falls, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,609 (100%) |
| Owner Occupied HU | 12,891 (57.0%) |
| Renter Occupied HU | 8,716 (38.6%) |
| Vacant Housing Units | 1,002 ( 4.4%) |
| Median Home Value | $305,000 |
| Average Home Value | $346,557 |
Housing Distribution
Address Breakdown
Residential
22,105
Single Family
16,423
Multi-Family
5,682
Businesses
1,068
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Listed by: Stephen Hofer • EXIT REALTY - GREAT PLAINS
Mls Name: Exit Realty
Mls ID: #22502631