Save Search
Filters Applied
EditEdit Filters
Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Investment Properties for Sale in Watertown, SD
Listed for sale 1 day ago
$ 280,000
ROI
25.6
Cash Flow/m
453- 3 Bed
- 2 Bath
- 2489 sft
708 1st St NW, Watertown, SD, 57201
Listed for sale 1 day ago
$ 374,900
ROI
28.4Cash Flow/m
896- 4 Bed
- 4 Bath
- 2744 sft
2600 14th Ave NE, Watertown, SD, 57201
Listed for sale 7 days ago
$ 250,000
ROI
26.8Cash Flow/m
487- 2 Bed
- 2 Bath
- 1120 sft
410 8th St NW, Watertown, SD, 57201
$ 348,900
ROI
24.5Cash Flow/m
459- 4 Bed
- 2 Bath
- 2508 sft
37 Sunrise Dr, Watertown, SD, 57201
Why Invest in Watertown, South Dakota?
Watertown, SD offers stable real estate investment opportunities with affordable entry prices and growing rental demand. The local market shows consistent home appreciation and low vacancy rates around 1.5%, supporting strong cash flow potential. Median household incomes are rising from $59,721 in 2023, projected to $63,259 by 2028. Rental rates average $691 monthly with active multifamily development. Investors benefit from sufficient lot supply and a competitive housing market.
7.2%
Avg. ROI
6.8%
Rental Yield
7.1%
Cap Rate
$420/mo
Avg. Cash Flow
$691/mo
Avg. Rent
4.2%
1Y Appreciation
Frequently Asked Questions
The rental vacancy rate stands at 1.5%, significantly below the 5% market equilibrium. This tight market supports strong investor returns through consistent occupancy.
Find Your Perfect Investment Property in Watertown, South Dakota
Explore investment opportunities by strategy, performance, or property type
