24 6th St NEWatertownSD57201
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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 24 6th St NE, Watertown, SD, 57201 offers $2,197/mo rent that, after a $1,297/mo payment, leaves $523/mo cash flow. Total monthly income is $2,197/mo, and annual cash flow is $6,270/yr on $87,814 cash. Return on cash invested measures 27.05% in year one, and rental yield stands at 9.95% at a $264,900 entry. Equity gained on principal adds $1,709/yr while 5% annual appreciation compounds into $73,187 by year five. Five-year ROI records 141.32% and total cumulative return in cash reaches $124,100. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,197/mo property income versus a $1,297/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1906
1,742 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: DANI L HINKELMAN • REAL ESTATE PROFESSIONALS
Mls Name: Northeast South Dakota BOR
Mls ID: #33-1911