For saleMulti-family
$359,990
429 2nd Ave E
Shakopee MN 55379
4 beds, 2 baths, 1,784 sqft
429 2nd Ave E is a 4 beds, 2 baths, 1,784 sqft multi-family home for sale at $359,990 in Shakopee MN 55379. At 20% down it rents for an estimated $2,950/mo and returns $425/mo a month at a 7.9% 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
- $2,950/mo
- Monthly cash flow
- $425/mo
- Cap rate
- 7.9%
- Cash-on-cash
- 7.1%
- Max offer
- $353,000
Offer ≤ $353,000 (2% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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