1322 2nd St NWWatertownSD57201
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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 1322 2nd St NW, Watertown, SD, 57201 offers a 10.76% rental yield on a $277,900 purchase with $2,492/mo rent. Total monthly income registers $2,492/mo, and a $1,360/mo payment leaves $736/mo available for distribution. Annual cash flow reaches $8,832/yr on $92,124 to close, and return on cash invested stands at 29.5% in year one. Equity gained on principal adds $1,793/yr while 5% annual appreciation supports $76,779 over five years. Portfolio math shows five-year ROI at 154.41% and total cumulative return in cash at $142,245. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,492/mo property income against a $1,360/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1973
8,712 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: GREG HOFTIEZER • HOFTIEZER REAL ESTATE
Mls Name: Northeast South Dakota BOR
Mls ID: #26-9050
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.