For saleSingle family
$675,000
1586 Norbert Ln
Shakopee MN 55379
3 beds, 2.5 baths, 2,819 sqft
1586 Norbert Ln is a 3 beds, 2.5 baths, 2,819 sqft single family home for sale at $675,000 in Shakopee MN 55379. At 20% down it rents for an estimated $2,200/mo and returns -$2,619/mo a month at a 2.0% 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
- $2,200/mo
- Monthly cash flow
- -$2,619/mo
- Cap rate
- 2.0%
- Cash-on-cash
- -23.3%
- Max offer
- $262,000
Offer ≤ $262,000 (61% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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