For saleTownhouse
$349,000
1724 Riverside Dr
Shakopee MN 55379
4 beds, 2.5 baths, 2,185 sqft
1724 Riverside Dr is a 4 beds, 2.5 baths, 2,185 sqft townhouse home for sale at $349,000 in Shakopee MN 55379. At 20% down it rents for an estimated $2,750/mo and returns $104/mo a month at a 6.9% 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
- $2,750/mo
- Monthly cash flow
- $104/mo
- Cap rate
- 6.9%
- Cash-on-cash
- 1.8%
- Max offer
- $303,000
Offer ≤ $303,000 (13% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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