7111 W 56th St APT 36Sioux 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
Investment property for sale in Sioux Falls at 7111 W 56th St APT 36, Sioux Falls, SD, 57106 listed at $170,000 pairs $1,171/mo rent with a $832/mo payment to leave $97/mo cash flow. Total monthly income runs $1,171/mo, and annual cash flow reaches $1,161/yr on $56,355 cash to close. Return on cash invested measures 21.97% in year one, and rental yield registers 8.27% at a $170,000 basis. Equity gained on principal adds $1,097/yr, and annual property appreciation at 5% supports $46,968 by year five. Five-year ROI tracks 114.06% and total cumulative return in cash totals $64,281. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,171/mo property income relative to a $832/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2005
2,783 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: Todd M Nelson • Harr & Lemme Real Estate
Mls Name: Realtor Association of the Sioux Empire
Mls ID: #22506784