315 8th St 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 315 8th St NW, Watertown, SD, 57201 with 5% annual appreciation on a $109,900 basis while $874/mo rent supports operations. Total monthly income totals $874/mo and a $538/mo payment preserves $179/mo for cash returns. Annual cash flow comes to $2,153/yr on $36,432 deployed, and return on cash invested reaches 25.82% in year one. Equity gained on principal adds $709/yr, and five-year appreciation sums $30,363 alongside rental yield of 9.54%. Five-year ROI measures 134.79% and total cumulative return in cash totals $49,108.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $874/mo property income versus a $538/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1936
7,405 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: LUCAS HOFTIEZER • HOFTIEZER REAL ESTATE
Mls Name: Northeast South Dakota BOR
Mls ID: #26-9043
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.