724 Stony Point Trl #24WatertownSD57201
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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 #24, Watertown, SD, 57201 listed at $694,900 pairs $1,320/mo rent with a $3,401/mo payment. Total monthly income runs $1,320/mo. Return on cash invested measures 0.29% in year one, and rental yield registers 2.28% at a $694,900 basis. Equity gained on principal adds $4,484/yr, and annual property appreciation at 5% supports $191,988 by year five. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,320/mo property income relative to a $3,401/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2021
N/A lot
$N/A/sqft
$695 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: Hanna Owen • AGVISORS RESIDENTIAL
Mls Name: Northeast South Dakota BOR
Mls ID: #49-49
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.