605 E 21st StSioux FallsSD57105
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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
Investment property for sale in Sioux Falls at 605 E 21st St, Sioux Falls, SD, 57105 offers a 2.11% rental yield on a $1,090,000 purchase with $1,920/mo rent. 49% in year one. Equity gained on principal adds $7,034/yr while 5% annual appreciation supports $301,147 over five years. Portfolio math shows five-year ROI at 14.86% and total cumulative return in cash at $52,488. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,920/mo property income against a $5,335/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1925
7,718 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57105, Sioux Falls, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,634 (100%) |
| Owner Occupied HU | 6,499 (61.1%) |
| Renter Occupied HU | 3,466 (32.6%) |
| Vacant Housing Units | 669 ( 6.3%) |
| Median Home Value | $287,839 |
| Average Home Value | $346,547 |
Housing Distribution
Address Breakdown
Residential
9,840
Single Family
8,112
Multi-Family
1,728
Businesses
1,020
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Listed by: Spencer M Mannes • CORE Real Estate
Mls Name: Realtor Association of the Sioux Empire
Mls ID: #22506337