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1118 West 8th Street
Sioux Falls, SD 57104
Asking Price
$314K
Cap Rate
1.17%
Asset Type
Apartment Building Multifamily
Class
Class B
What's Special
Projected $3,600/Month Gross Rent - Exceeds the 1% Rule <p><span style="color: rgba(34, 34, 34, 1)">4 of 5 units currently occupied</span></p><p><span style="color: rgba(34, 34, 34, 1)">• One vacant unit available for immediate lease-up or owner-occupancy</span></p><p><span style="color: rgba(34, 34, 34, 1)">• Projected gross rents approximately $3,660+/month at full occupancy</span></p><p><span style="color: rgba(34, 34, 34, 1)">• Exceeds the 1% Rule at current pricing</span></p><p><span style="color: rgba(34, 34, 34, 1)">• Several units feature upd
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NOI
$80,000
Cap Rate
25.48%
DSCR
4.29
Strong
Cash-on-Cash
65.14%
Monthly Payment
$1,553.501
Annual Cash Flow
$61,357.992
