109 1st St SWWatertownSD57201
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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 Watertown at 109 1st St SW, Watertown, SD, 57201 offers a 11.67% rental yield on a $214,900 purchase with $2,090/mo rent. Total monthly income registers $2,090/mo, and a $1,052/mo payment leaves $732/mo available for distribution. Annual cash flow reaches $8,781/yr on $71,239 to close, and return on cash invested stands at 32.24% in year one. Equity gained on principal adds $1,387/yr while 5% annual appreciation supports $59,373 over five years. Portfolio math shows five-year ROI at 169.11% and total cumulative return in cash at $120,474. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,090/mo property income against a $1,052/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1906
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57201, Watertown, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,815 (100%) |
| Owner Occupied HU | 7,500 (58.5%) |
| Renter Occupied HU | 4,115 (32.1%) |
| Vacant Housing Units | 1,200 ( 9.4%) |
| Median Home Value | $259,317 |
| Average Home Value | $291,875 |
Housing Distribution
Address Breakdown
Residential
12,495
Single Family
11,112
Multi-Family
1,383
Businesses
1,502
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Listed by: Noel Solum • EXIT REALTY CONNECTION
Mls Name: EXIT Realty broker feed
Mls ID: #32-2276