2318 Lucas Ln 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 2318 Lucas Ln NW, Watertown, SD, 57201 earns from $7,178/mo rent with a $6,735/mo payment. Total monthly income totals $7,178/mo. ROI tracks 16.28% on current figures, and rental yield reads 6.26% at a $1,376,100 purchase. Equity gained on principal adds $8,880/yr, and 5% annual appreciation supports $380,191 over five years. Five-year ROI reaches 83.49% and total cumulative return in cash sums $372,232. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $7,178/mo property income instead of your personal income.
Single Family
Built in N/A
0.65 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
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Listed by: N/A • N/A
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Mls ID: #N/A