For saleSingle family
$496,990
1860 Rainier Drive
Shakopee MN 55379
5 beds, 2,617 sqft
1860 Rainier Drive is a 5 beds, 2,617 sqft single family home for sale at $496,990 in Shakopee MN 55379. At 20% down it rents for an estimated $2,800/mo and returns -$748/mo a month at a 4.9% cap rate.
The deal math
Modelled at 20% down on a 30-year loan at current market rates, before management, vacancy and maintenance reserves.
- Estimated rent
- $2,800/mo
- Monthly cash flow
- -$748/mo
- Cap rate
- 4.9%
- Cash-on-cash
- -9.0%
- Max offer
- $331,500
Offer ≤ $331,500 (33% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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