616 W 24th 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 616 W 24th St, Sioux Falls, SD, 57105 listed at $165,000 pairs $1,294/mo rent with a $808/mo payment to leave $251/mo cash flow. Total monthly income runs $1,294/mo, and annual cash flow reaches $3,010/yr on $54,698 cash to close. Return on cash invested measures 25.41% in year one, and rental yield registers 9.41% at a $165,000 basis. Equity gained on principal adds $1,065/yr, and annual property appreciation at 5% supports $45,586 by year five. Five-year ROI tracks 132.53% and total cumulative return in cash totals $72,491. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,294/mo property income relative to a $808/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1918
2,286 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: Tom R Garry • Hegg, REALTORS
Mls Name: Realtor Association of the Sioux Empire
Mls ID: #22505371