1279 Taylor St #5 · Shakopee, MN 55379

$179,900

2 bd · 2.0 ba · 876 sqft · Townhouse · 88 Days on market

Built 1997 Fair condition 871 sqft lot $276/mo HOA · 14% of rent ↓ 5% since listing

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Why this score? — see what drove the D+ grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +15.1/30.0
• ARV discount +7.5/15.0
• 1% rule +6.1/10.0
• DSCR +4.6/10.0
• Schools +4.5/10.0
• Livability +4.5/5.0
• Rent growth +3.5/5.0
• Condition / age +2.2/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Wonderful 2 bed 2 bath townhome in Shakopee! Open main level, granite countertops, functional layout with main floor laundry, 1-car garage, rentals allowed, nice clean bathrooms with full bath upstairs and 1/2 bath on main level. Heat, water, sewer, trash & more included in HOA fee. Come see!

Key facts

• Clean bathrooms
• Main floor laundry
• Granite countertops

Tags

• GRANITE COUNTERTOPS
• MAIN FLOOR LAUNDRY
• RENTALS ALLOWED
• CLEAN BATHROOMS

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath townhouse listed at $180k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $60 ($724/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $180k).
• Recommended offer: $169k (6.0% below list) — sets the bar for market timing.
• Cap rate 6.7% vs local median 3.3% in Shakopee — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 90/100 on livability (#3 in MN, #102 nationally) — a professional / high-income tenant draw. Strengths: commute A+, employment A+, housing A+.
• Shakopee Public School District (suburban): math 42% / reading 56% proficiency, ranked #95 of 301 in MN (top 32%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising fast (+4.0%/yr); 461 active listings in the ZIP; 2 comparable units currently listed for rent nearby; solid renter incomes; 699 units permitted in Scott County in 2024 (84 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $5k of value loss. Plan a longer hold.
• Scott County population projected at +31% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 88 days — a 6% lower offer ($169k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Recommended offer $169,106 (6.0% below list)

Questions for the listing agent

1. It's been on market 88 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
7. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
8. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
9. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
10. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.11% ✓
• Cap rate: 6.70%
• Cash-on-cash: 1.44%
• DSCR: 1.06
• GRM: 7.5

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 4.05% rent growth · sell at horizon

5-year hold

• IRR: -12.5%
• Equity multiple: 0.54×
• Total profit: $-22,977
• Equity at exit: $26,824

10-year hold

• IRR: -1.5%
• Equity multiple: 0.89×
• Total profit: $-5,304
• Equity at exit: $15,554

Cash invested: $50,372 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 46 Balanced
• State Minnesota: 46 Balanced · D+2
• County: — inherits STATE
• City: — inherits STATE

2024 reforms strengthened tenant protections; ramsey/hennepin courts paced moderate to slow.

Methodology + full state rankings →

ZIP-level market 55379

• Rents YoY: 4.0%
• Active inventory: 461
• Price-to-rent: 7.5×

Monthly cashflow live

• Estimated rent: $1,999 medium
• Mortgage (P&I): −$943
• Tax est. 1.5%: −$225 /mo · $2,698/yr
• Insurance: −$75
• HOA: −$276
• Vacancy / Maint / Mgmt: −$420
• Net cashflow: $60

Break-even live

Break-even rent $1,923

Max offer price $179,900

Occupancy floor 92%

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $44,975
• Closing costs: $5,397
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1600 Windermere Way Shakopee, MN	3.0	1.0–2.0	895	$2,250	$2.51	1d	29	0.76mi
1620 Lusitano St Shakopee, MN	3.0	1.0–2.0	1079	$2,405	$2.23	1d	15	1.03mi

HOA detail

• Monthly dues: $276 · $3,312/yr
• Likely covers: watersewertrash

Listing history 6 events

1. 2026-05-31
   days on market $179,900 Active 88 DOM
2. 2026-03-04
   historical

   Show marketing remark (297 chars)

   Wonderful 2 bed 2 bath townhome in Shakopee! Open main level, granite countertops, functional layout with main floor laundry, 1-car garage, rentals allowed, nice clean bathrooms with full bath upstairs and 1/2 bath on main level. Heat, water, sewer, trash & more included in HOA fee. Come see!

3. 2026-03-04
   listed $179,900 Active 297-char remark

   Show marketing remark (297 chars)

   Wonderful 2 bed 2 bath townhome in Shakopee! Open main level, granite countertops, functional layout with main floor laundry, 1-car garage, rentals allowed, nice clean bathrooms with full bath upstairs and 1/2 bath on main level. Heat, water, sewer, trash & more included in HOA fee. Come see!

4. 2025-09-30
   status Active
5. 2025-09-24
   status Pending
6. 2025-08-21
   listed $189,900 Active

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 2/10 Low 7 d/yr ≥99°F today · 14 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $23,993
• − Mortgage interest: −$10,077
• − Property taxes: −$2,698
• − Insurance: −$900
• − Repairs & maintenance: −$1,919
• − Management: −$1,919
• − HOA: −$3,312
• − Depreciation: −$5,233
• Taxable loss: −$2,066
• Est. tax savings @ 24.0%: +$496
• After-tax cash flow: $1,219/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Condition & rehab AI · 13 photos

Fair 45/100 Cosmetic rehab

This townhome is in fair condition with cosmetic updates needed. Fresh paint and modern kitchen/bathroom updates would significantly enhance its value.

Repairs flagged

• Minor Kitchen cabinets — Dated and could be updated
• Minor Bathroom cabinets — Dated and could be updated
• Minor Paint — Faded and could be refreshed

Value-add opportunities

• Both Paint refresh — Fresh paint enhances curb appeal and interior aesthetics
• Both Kitchen and bathroom updates — Modernizing these spaces can attract more buyers/renters
• Rental HVAC maintenance — A well-maintained HVAC system is crucial for rental properties

Renovation cost estimate screening

Repair item	Severity	Est. cost
Kitchen cabinets · Dated and could be updated	Minor	$500–3,000
Bathroom cabinets · Dated and could be updated	Minor	$500–3,000
Paint · Faded and could be refreshed	Minor	$500–3,000
Total estimated repair cost · 3 items		$1,500–9,000

Value-add ROI direction

• Both Paint refresh — Fresh paint enhances curb appeal and interior aesthetics ↑
• Both Kitchen and bathroom updates — Modernizing these spaces can attract more buyers/renters ↑
• Rental HVAC maintenance — A well-maintained HVAC system is crucial for rental properties ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Shakopee Public School District
• NCES district ID: 2733000
• Math proficiency: 42% ▼ -17.00%
• Reading proficiency: 56% ▼ -6.00%
• Median HH income: $79,637
• Composite: 44.73/100
• National rank: #2751
• State rank: #95 of 301 in MN

Livability — Shakopee

• Score: 90/100
• State rank: #3
• US rank: #102

Category grades

Amenities A Commute A+ Cost of living C Crime A Employment A+ Housing A+ Health & safety A User ratings A+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Shakopee, MN
• County: Scott County · 116,975 people
• City population: 50,041
• Metro: Minneapolis-St. Paul-Bloomington, MN-WI
• Population (ZIP): 50,041
• Household income: $106,312
• Rent vs Own: 25.3% rent · 74.7% own
• Severe rent burden: 1009.0

Population outlook (Scott County) Hauer SSP2

• Today (2025): 165,899 people
• By 2030: 177,290 · +6.9%
• By 2040: 199,019 · +20.0%
• By 2050: 216,883 · +30.7%
• By 2075: 256,099 · +54.4%
• By 2100: 276,434 · +66.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.57)
• Race & ethnicity: White 64% Hispanic / Latino 11% Asian 10% Two or more races 9% Black 7% Native American 1%
• Hispanic origin (detail): Mexican 7% Puerto Rican 1%
• Common ancestry: Portuguese 9% Romanian 3% Lithuanian 2%
• Foreign-born: 16% · Canada, Vietnam, China
• Languages at home: 77% English-only · Spanish 8% Other Asian/Pacific 5% Russian/Polish/Slavic 3%

Political lean MEDSL · Scott

• 2024 margin: Lean R (+8.5) · D 44.8% · R 53.3% · Other 1.9%
• 2008→2024 swing: +2.7pp toward D · 2008: -11.2pp · 2024: -8.5pp
• All cycles: 2024: R+8.5 2020: R+6.6 2016: R+15.4 2012: R+14.8 2008: R+11.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -253.64%
• Current HPI: 218.9993
• Rent YoY: ▲ 4.05%
• Metro: Minneapolis-St. Paul-Bloomington, MN-WI
• State GDP YoY: ▲ 2.41%
• F500 in state: 34

Industry mix (Fortune 500 HQ in MN)

Industry	F500 HQs	Revenue
▸Healthcare	2	$407B
▸Retail	2	$150B
▸Consumer Goods	2	$32B
▸Industrial Machinery	2	$6B
▸Agriculture	1	$40B
▸Healthcare / Medical Devices	1	$32B

Price history

-5.3% since first listed

5 events — show timeline

• 2026-03-04 Listed $179,900 NORTHSTARMLS as Distributed by MLS Grid
• 2026-03-04 Listing Removed — NORTHSTARMLS as Distributed by MLS Grid
• 2025-09-30 Relisted — NORTHSTARMLS as Distributed by MLS Grid
• 2025-09-24 Pending — NORTHSTARMLS as Distributed by MLS Grid
• 2025-08-21 Listed $189,900 NORTHSTARMLS as Distributed by MLS Grid