2578 Downing AveShakopeeMN55379
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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 2578 Downing Ave, Shakopee, MN, 55379 priced at $580,665 pairs $3,413/mo rent with after a $2,842/mo payment. Total monthly income equals $3,413/mo. Return on cash invested is 18.72% in year one, and rental yield stands at 7.05% on a $580,665 basis. Equity gained on principal adds $3,747/yr, and 5% annual appreciation accumulates to $160,427 by year five. Five-year ROI measures 96.53% and total cumulative return in cash reaches $184,417. For financing, Ziffy Mortgage’s DSCR program evaluates $3,413/mo property income against a $2,842/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2024
N/A 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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