724 Stony Point Trl #2WatertownSD57201
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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 724 Stony Point Trl #2, Watertown, SD, 57201 offers a 2.15% rental yield on a $515,500 purchase with $924/mo rent. 17% in year one. Equity gained on principal adds $3,326/yr while 5% annual appreciation supports $142,423 over five years. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $924/mo property income against a $2,523/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2021
2,073 sqft lot
$N/A/sqft
$526 monthly 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: Jeff D Koch • AMERI/STAR Real Estate, Inc.
Mls Name: Realtor Association of the Sioux Empire
Mls Provider:
Mls ID: #22504706
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