148 Meadow 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 148 Meadow Dr, Watertown, SD, 57201 with 5% annual appreciation on a $364,900 basis while $2,594/mo rent supports operations. Total monthly income totals $2,594/mo and a $1,786/mo payment preserves $288/mo for cash returns. Annual cash flow comes to $3,456/yr on $120,964 deployed, and return on cash invested reaches 22.77% in year one. Equity gained on principal adds $2,355/yr, and five-year appreciation sums $100,815 alongside rental yield of 8.53%. Five-year ROI measures 118.38% and total cumulative return in cash totals $143,196.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,594/mo property income versus a $1,786/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Townhouse
Built in 2022
6,098 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: JOEL WILLETTE • HAUGAN NELSON REALTY, INC
Mls Name: Northeast South Dakota BOR
Mls ID: #30-4814