1603 3rd Ave WShakopeeMN55379
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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
Investment property for sale in Shakopee at 1603 3rd Ave W, Shakopee, MN, 55379 uses $78,731 cash to close to unlock $2,680/yr annual cash flow and $223/mo monthly cash flow. Total monthly income runs $1,706/mo, and a $1,162/mo payment keeps the spread at $223/mo. Purchase price stands at $237,500, and rental yield measures 8.62% with $1,706/mo rent. Return on cash invested shows 23.31% in year one, and 5% annual appreciation builds toward $65,617 over five years. Five-year ROI reaches 121.21% and total cumulative return in cash records $95,433. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,706/mo property income covering a $1,162/mo payment rather than investor’s personal income.
Single Family
Built in 1890
1.83 Acres lot
$N/A/sqft
No 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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