224 5th Ave SWWatertownSD57201
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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 224 5th Ave SW, Watertown, SD, 57201 generates $1,404/mo in rent and, after a $1,003/mo payment, leaves $109/mo in cash flow. Total monthly income is $1,404/mo, and annual cash flow is $1,308/yr on $67,924 invested. Return on cash invested sits at 21.84% in year one, and rental yield is 8.22% on a $204,900 entry. Equity gained on principal adds $1,322/yr, while 5% annual appreciation builds toward $56,610 over five years. Five-year ROI reaches 113.42% and total cumulative return in cash sums $77,038. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,404/mo property income rather than buyer’s personal income.
Single Family
Built in 1910
8,276 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: DORETTE J CLARK • PLATINUM REALTY, INC.
Mls Name: Northeast South Dakota BOR
Mls ID: #50-1331