724 Stony Point Trl #1WatertownSD57201
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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 724 Stony Point Trl #1, Watertown, SD, 57201 priced at $674,900 converts $1,248/mo rent into after a $3,303/mo obligation. Total monthly income equals $1,248/mo. Return on cash invested prints 3.76% in year one, and rental yield reads 2.22% against a $674,900 entry. Equity gained on principal adds $4,355/yr, while 5% annual appreciation compiles into $186,462 by year five. Five-year ROI reaches 16.38% and total cumulative return in cash sums $36,367. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,248/mo property income covering a $3,303/mo payment, not borrower’s personal income.
Condo
Built in 2022
N/A 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: JOY NELSON • HAUGAN NELSON REALTY, INC
Mls Name: Northeast South Dakota BOR
Mls ID: #30-4770