1106 18th St NEWatertownSD57201
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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 1106 18th St NE, Watertown, SD, 57201 offers a 11.41% rental yield on a $339,000 purchase with $3,223/mo rent. Total monthly income registers $3,223/mo, and a $1,659/mo payment leaves $1,081/mo available for distribution. Annual cash flow reaches $12,971/yr on $112,379 to close, and return on cash invested stands at 31.45% in year one. Equity gained on principal adds $2,188/yr while 5% annual appreciation supports $93,659 over five years. Portfolio math shows five-year ROI at 164.9% and total cumulative return in cash at $185,308. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,223/mo property income against a $1,659/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 1996
0.28 Acres 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: NASH COLBERG • HAUGAN NELSON REALTY, INC
Mls Name: Northeast South Dakota BOR
Mls ID: #30-4786