1005 Providence DrShakopeeMN55379
Nearby investment properties with comparable rents
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Shakopee at 1005 Providence Dr, Shakopee, MN, 55379 generates $2,430/mo in rent and, after a $1,243/mo payment, leaves $489/mo in cash flow. Total monthly income is $2,430/mo, and annual cash flow is $5,869/yr on $84,201 invested. Return on cash invested sits at 26.88% in year one, and rental yield is 11.48% on a $254,000 entry. Equity gained on principal adds $1,639/yr, while 5% annual appreciation builds toward $70,176 over five years. Five-year ROI reaches 142.17% and total cumulative return in cash sums $119,706. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,430/mo property income rather than buyer’s personal income.
Townhouse
Built in 2002
2,178 sqft lot
$N/A/sqft
$355 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55379, Shakopee, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,479 (100%) |
| Owner Occupied HU | 13,313 (68.3%) |
| Renter Occupied HU | 5,116 (26.3%) |
| Vacant Housing Units | 1,050 ( 5.4%) |
| Median Home Value | $400,909 |
| Average Home Value | $444,615 |
Housing Distribution
Address Breakdown
Residential
18,544
Single Family
15,000
Multi-Family
3,544
Businesses
1,064
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Listed by: Daniel Tillman • Coldwell Banker Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6728814
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