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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $500K 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?
Discover Watertown, SD properties under $500k offering strong entry points for investors. Stable rental demand and affordable pricing create opportunities for positive cash flow. With competitive cap rates around 7-8% and steady appreciation, these investments appeal to value-focused buyers. Low vacancy rates support reliable income streams in this growing community. Economic stability from manufacturing bolsters long-term holding potential.
9.2%
Avg. ROI
7.8%
Rental Yield
7.5%
Cap Rate
$420/mo
Avg. Cash Flow
$1050/mo
Avg. Rent
4.1%
1Y Appreciation
Frequently Asked Questions
Investors see average cap rates of 7-8% and rental yields around 7.5% for properties under $500k. Cash flow averages $400-500 monthly after expenses. Stable occupancy supports consistent performance.
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