217 Carter St NEWatertownMN55388
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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 217 Carter St NE, Watertown, MN, 55388 priced at $338,500 converts $2,346/mo rent into $232/mo cash flow after a $1,657/mo obligation. Total monthly income equals $2,346/mo, and annual cash flow totals $2,784/yr on $112,213 invested. Return on cash invested prints 22.39% in year one, and rental yield reads 8.32% against a $338,500 entry. Equity gained on principal adds $2,184/yr, while 5% annual appreciation compiles into $93,521 by year five. Five-year ROI reaches 116.26% and total cumulative return in cash sums $130,455. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,346/mo property income covering a $1,657/mo payment, not borrower’s personal income.
Single Family
Built in 1977
0.70 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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