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$499,900

For Sale - Active
7216 Whitehall Rd, Shakopee, MN 55379
4 Beds
4 Baths
2,859 Square Feet
0.32 Acres Lot
Built in 2000
For Sale - Active
Units n/a
Checked: 24 hours ago
Updated: Jun 17, 2025 at 03:10AM

Investment Summary


Monthly Cash Flow
-$714
Cap Rate
4.6%
Cash-on-Cash Return
-7.5%
Debt Coverage Ratio
0.73
Internal Rate of Return (5 years)
-3.2%

Property Description


0.32 Acres Lot
Built in 2000
For Sale - Active
Units n/a

This beautifully maintained 3BR home offers thoughtful updates, warm character, and flexible spaces throughout. Step inside to an open foyer with an adjacent flex room—perfect for a home office, playroom, or formal sitting area. The cozy living room features a brick fireplace, while the open-concept kitchen shines with stainless steel appliances, a spacious island with seating, and a bright window above the sink. Just off the kitchen, a functional mudroom with built-in bench and main-level laundry (complete with sink) keeps things tidy and convenient. Upstairs, you’ll find 3 BRs including a spacious primary suite with a soaking tub and separate shower. The finished lower level has been freshly remodeled, highlighted by a custom handmade bar top—ideal for entertaining. A non-conforming bedroom provides the potential for a fourth bedroom or additional flex space. Additional perks include new carpet throughout (installed within the last two years), newer trim and doors, a heated garage, new sod in the front yard, and beautifully colored and sealed concrete in both the front and back. Enjoy multiple outdoor entertaining areas on the deck & patio in the fenced yard. Wonderful community with neighborhood events, and a great location close to Quarry Lake Park, Southbridge Dog Park, shopping, and dining, all within walking distance. Don't miss your chance on this one!

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Location


Property Details


Parking

  • Description: Attached Garage, Asphalt, Garage Door Opener
  • Details: Asphalt, Garage Door Opener
  • Garage Spaces: 3
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Total): 4.0

Interior Features

  • # of Rooms: 12
  • # of Stories: 2
  • Basement: Yes
  • Basement Description: Finished, Full, Sump Pump
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Vinyl siding
  • Roof Type: Gable

HOA

  • Has HOA: Yes
  • Association: Southbridge Homeowners
  • HOA Fee: $400/annually

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: 272840550
  • Lot Size: 13939 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: (SF) Single Family
  • Year Built: 2000

Tax Information

  • Annual Tax: $3,248

Utilities

  • Heating: Forced Air

Location

  • County: Scott

Listing Details


Listed by:
Jason Walgrave
RE/MAX Advantage Plus
(612) 419-9425

Source:
FargoMoorhead Area Association of REALTORS
MLS#: 6736591
FargoMoorhead Area Association of REALTORS

Investment Summary


Monthly Cash Flow
-$714
Cap Rate
4.6%
Cash-on-Cash Return
-7.5%
Debt Coverage Ratio
0.73
Internal Rate of Return (5 years)
-3.2%

Purchase Details

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Purchase price:
$499,900
Amount financed:
-$399,920
Down payment:
$99,980
Closing costs:
$14,997
Rehab costs:
$0
Initial cash invested:
$114,977
Square feet:
2,859
Cost per square foot:
$175
Monthly rent per square foot:
$1.12

Financing Details

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Loan amount:
$399,920
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.840%
Principal & interest:
$2,618
Property tax:
$271
Insurance:
$224
Private mortgage insurance (PMI):
$0
Monthly payment:
$3,113

Operating Income

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% Rent Monthly Yearly
Gross rent:
$3,200 $38,400
Vacancy loss: (6%)
6% -$192 -$2,304
Operating income:
$3,008 $36,096

Operating Expenses


% Rent Monthly Yearly
Property taxes: (8%)
8%-$271-$3,248
Insurance: (7%)
7%-$224-$2,688
Property management: (8%)
8%-$256-$3,072
Repairs & maintenance: (5%)
5%-$160-$1,920
Capital expenditures: (5%)
5%-$160-$1,920
HOA fees: (1%)
1%-$33-$396
Total operating expenses: (34%)
34%-$1,104-$13,244

Cash Flow


Monthly Yearly
Net operating income:
$1,904 $22,848
Mortgage payments:
-$2,618 -$31,416
Cash flow:
$714 $8,568