12120 County Road 24WatertownMN55388
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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
Rental property for sale in Watertown at 12120 County Road 24, Watertown, MN, 55388 generates $1,966/mo in rent, after a $2,341/mo payment. Total monthly income is $1,966/mo. Return on cash invested sits at 12.18% in year one, and rental yield is 4.93% on a $478,200 entry. Equity gained on principal adds $3,086/yr, while 5% annual appreciation builds toward $132,118 over five years. Five-year ROI reaches 61.5% and total cumulative return in cash sums $97,491. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,966/mo property income rather than buyer’s personal income.
Single Family
Built in 1890
2.39 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55388, Watertown, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,412 (100%) |
| Owner Occupied HU | 1,977 (82.0%) |
| Renter Occupied HU | 361 (15.0%) |
| Vacant Housing Units | 74 ( 3.1%) |
| Median Home Value | $379,982 |
| Average Home Value | $429,614 |
Housing Distribution
Address Breakdown
Residential
2,114
Single Family
2,058
Multi-Family
56
Businesses
161
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