For saleTownhouse
$229,000
941 Newport Ave
Shakopee MN 55379
2 beds, 2 baths, 1,219 sqft
941 Newport Ave is a 2 beds, 2 baths, 1,219 sqft townhouse home for sale at $229,000 in Shakopee MN 55379. At 20% down it rents for an estimated $2,025/mo and returns $145/mo a month at a 7.4% 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
- $2,025/mo
- Monthly cash flow
- $145/mo
- Cap rate
- 7.4%
- Cash-on-cash
- 3.8%
- Max offer
- $209,000
Offer ≤ $209,000 (9% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
Loading