7446 S Louise Ave APT 302Sioux FallsSD57108
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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 7446 S Louise Ave APT 302, Sioux Falls, SD, 57108 uses $45,051 cash to close to unlock $5,020/yr annual cash flow and $418/mo monthly cash flow. Total monthly income runs $1,277/mo, and a $665/mo payment keeps the spread at $418/mo. Purchase price stands at $135,900, and rental yield measures 11.28% with $1,277/mo rent. Return on cash invested shows 31.05% in year one, and 5% annual appreciation builds toward $37,547 over five years. Five-year ROI reaches 162.85% and total cumulative return in cash records $73,363. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,277/mo property income covering a $665/mo payment rather than investor’s personal income.
Condo
Built in 2010
2,090 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57108, Sioux Falls, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,645 (100%) |
| Owner Occupied HU | 9,045 (54.3%) |
| Renter Occupied HU | 6,307 (37.9%) |
| Vacant Housing Units | 1,293 ( 7.8%) |
| Median Home Value | $421,744 |
| Average Home Value | $525,253 |
Housing Distribution
Address Breakdown
Residential
16,408
Single Family
13,944
Multi-Family
2,464
Businesses
1,036
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Listed by: Erika M Lyle • eXp Realty
Mls Name: Realtor Association of the Sioux Empire
Mls ID: #22600102