8602 W Lavern Wipf St #2Sioux 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 8602 W Lavern Wipf St #2, Sioux Falls, SD, 57106 offers a 7.3% rental yield on a $192,500 purchase with $1,171/mo rent. 06% in year one. Equity gained on principal adds $1,242/yr while 5% annual appreciation supports $53,184 over five years. Portfolio math shows five-year ROI at 98.45% and total cumulative return in cash at $62,825. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,171/mo property income against a $942/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2007
3,672 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: #22509108