424 3rd 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 424 3rd St NW, Watertown, SD, 57201 uses $60,996 cash to close to unlock $2,734/yr annual cash flow and $228/mo monthly cash flow. Total monthly income runs $1,391/mo, and a $901/mo payment keeps the spread at $228/mo. Purchase price stands at $184,000, and rental yield measures 9.07% with $1,391/mo rent. Return on cash invested shows 24.39% in year one, and 5% annual appreciation builds toward $50,836 over five years. Five-year ROI reaches 127.05% and total cumulative return in cash records $77,497. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,391/mo property income covering a $901/mo payment rather than investor’s personal income.
Single Family
Built in 1915
6,599 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: Don J O'Donnell • EXIT Realty Sioux Empire
Mls Name: Realtor Association of the Sioux Empire
Mls ID: #22600088