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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Investment Properties for Sale in Watertown, SD
Listed for sale 3 days ago
$ 189,900
ROI
25.1
Cash Flow/m
284- 3 Bed
- 1 Bath
- 1272 sft
305 2nd St NW, Watertown, SD, 57201
Listed for sale 6 days ago
$ 334,900
ROI
26.8Cash Flow/m
657- 4 Bed
- 2 Bath
- 2352 sft
1112 22nd St NE, Watertown, SD, 57201
Listed for sale 7 days ago
$ 185,000
ROI
28.6Cash Flow/m
457- 6 Bed
- 3 Bath
- 2870 sft
11 4th Ave NE, Watertown, SD, 57201
Currently Rented
Fix & Flip
Rental Income
+ 1 more
$ 199,000
ROI
30.2Cash Flow/m
577- 4 Bed
- 2 Bath
- 3114 sft
110-112 3rd Ave NE, 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.
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