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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 1 day ago
$ 340,000
ROI
19.8
Cash Flow/m
2- 5 Bed
- 2 Bath
- 2052 sft
2907 4th Ave NW, Watertown, SD, 57201
Listed for sale 4 days ago
$ 249,900
ROI
28.0Cash Flow/m
574- 3 Bed
- 2 Bath
- 1922 sft
407 2nd St NE, Watertown, SD, 57201
Listed for sale 5 days ago
$ 355,000
ROI
19.9Cash Flow/m
14- 4 Bed
- 2 Bath
- 2038 sft
1853 5th St NE, Watertown, SD, 57201
Listed for sale 5 days ago
$ 359,900
ROI
19.9Cash Flow/m
18- 4 Bed
- 2 Bath
- - sft
1817 5th St 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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