118 N Lake DrWatertownSD57201
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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 118 N Lake Dr, Watertown, SD, 57201 earns from $2,164/mo rent with a $2,838/mo payment. Total monthly income totals $2,164/mo. ROI tracks 10.62% on current figures, and rental yield reads 4.48% at a $579,900 purchase. Equity gained on principal adds $3,742/yr, and 5% annual appreciation supports $160,216 over five years. Five-year ROI reaches 53.19% and total cumulative return in cash sums $101,473. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,164/mo property income instead of your personal income.
Single Family
Built in 1955
10,018 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: ANDY MAHOWALD • INSIGHT REALTY GROUP
Mls Name: Northeast South Dakota BOR
Mls ID: #20-8372