17438 449th AveWatertownSD57201
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderTight but positive: 17438 449th Ave, Watertown, SD, 57201 in Watertown at $369,900 earns $2,399/mo in rent and nets $61/mo after the $1,663/mo payment, a 7.78% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $102,197 over five years. Ziffy Mortgage underwrites this on a 1.44 DSCR without U.S. credit history. With $3,407/yr in principal paydown, total projected return reaches $144,446.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.8% | 6.8% |
| Monthly Cash Flow | $61 | $420 |
City averages based on Watertown market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,399 |
| Total Monthly Debt Service | $2,190 |
| DSCR Ratio | 1.10x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1959
0.49 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1959
0.49 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: JIM A ZECK • ZENITH PROPERTIES
Mls Name: Northeast South Dakota BOR
Mls ID: #42-97