Condo Investment Properties in Sioux Falls, SD | Ziffy.ai
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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family

Condo Investment Properties for Sale in Sioux Falls, SD

Property at 2501 S Kiwanis Ave APT 210, Sioux Falls, SD
Listed for sale 5 days ago
$ 152,000
ROI
21.3ROI percentage
Cash Flow/m
Dollar sign63
  • 2 Bed
  • 2 Bath
  • 1120 sft
2501 S Kiwanis Ave APT 210, Sioux Falls, SD, 57105
Property at 4620 E 3rd St APT 5, Sioux Falls, SD
$ 179,900
ROI
20.9ROI percentage
Cash Flow/m
Dollar sign59
  • 2 Bed
  • 1 Bath
  • 1060 sft
4620 E 3rd St APT 5, Sioux Falls, SD, 57110
Property at 7701 S Townsley Ave Unit 206, Sioux Falls, SD
$ 160,000
ROI
20.9ROI percentage
Cash Flow/m
Dollar sign51
  • 1 Bed
  • 1 Bath
  • 664 sft
7701 S Townsley Ave Unit 206, Sioux Falls, SD, 57108
Property at 3552 S Gateway Blvd APT 104, Sioux Falls, SD
$ 119,500
ROI
22.2ROI percentage
Cash Flow/m
Dollar sign81
  • 2 Bed
  • 1 Bath
  • 816 sft
3552 S Gateway Blvd APT 104, Sioux Falls, SD, 57106

Why Invest in Sioux Falls, South Dakota?

Sioux Falls, SD offers strong potential for condo investors seeking steady rental income in a growing market. Inventory for condos remains balanced at around 5.9 months supply, supporting stable cap rates. With home price appreciation slowing to 1.6% and robust job growth, condos provide reliable cash flow. Rental yields average 6-7% amid low vacancy and increasing demand from young professionals. The local economy's strength positions condos as a low-risk entry for passive income.

8.5%
Avg. ROI
6.8%
Rental Yield
6.2%
Cap Rate
$450/mo
Avg. Cash Flow
$1450/mo
Avg. Rent
1.6%
1Y Appreciation

Frequently Asked Questions

Yes, condos offer solid rental yields around 6-7% with low vacancy rates. Balanced inventory at 5.9 months supply supports stable appreciation. The growing job market drives consistent tenant demand.

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