For saleSingle family
$174,900
602 2nd Ave E
Shakopee MN 55379
3 beds, 2 baths, 1,720 sqft
602 2nd Ave E is a 3 beds, 2 baths, 1,720 sqft single family home for sale at $174,900 in Shakopee MN 55379. At 20% down it rents for an estimated $2,300/mo and returns $1,073/mo a month at a 13.9% 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
- $2,300/mo
- Monthly cash flow
- $1,073/mo
- Cap rate
- 13.9%
- Cash-on-cash
- 36.8%
- Max offer
- $174,900
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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