1306 13th 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 1306 13th St NE, Watertown, SD, 57201 uses $167,790 cash to close to unlock $4,107/yr annual cash flow and $342/mo monthly cash flow. Total monthly income runs $3,565/mo, and a $2,496/mo payment keeps the spread at $342/mo. Purchase price stands at $510,000, and rental yield measures 8.39% with $3,565/mo rent. Return on cash invested shows 22.51% in year one, and 5% annual appreciation builds toward $140,904 over five years. Five-year ROI reaches 116.94% and total cumulative return in cash records $196,215. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,565/mo property income covering a $2,496/mo payment rather than investor’s personal income.
Single Family
Built in 2001
0.33 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: JAY SCHMIDT • JP REAL ESTATE
Mls Name: Northeast South Dakota BOR
Mls ID: #43-244
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.