6701 E Spitfire 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 6701 E Spitfire Cir, Sioux Falls, SD, 57110 generates $2,994/mo in rent, after a $5,506/mo payment. Total monthly income is $2,994/mo. Return on cash invested sits at 6.82% in year one, and rental yield is 3.19% on a $1,125,000 entry. Equity gained on principal adds $7,259/yr, while 5% annual appreciation builds toward $310,817 over five years. Five-year ROI reaches 32.74% and total cumulative return in cash sums $119,336. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,994/mo property income rather than buyer’s personal income.
Single Family
Built in 2021
0.38 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: Amy M Stockberger • Amy Stockberger Real Estate
Mls Name: Realtor Association of the Sioux Empire
Mls ID: #22507593