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$398,000

For Sale - Active
11508 Georgia Ave N, Champlin, MN 55316
3 Beds
2 Baths
1,509 Square Feet
0.48 Acres Lot
Built in 1974
For Sale - Active
1 Units
Checked: 1 day ago
Updated: Jul 29, 2025 at 06:11AM

Investment Summary


Monthly Cash Flow
-$183
Cap Rate
5.1%
Cash-on-Cash Return
-2.4%
Debt Coverage Ratio
0.90
Internal Rate of Return (5 years)
1.7%

Property Description


0.48 Acres Lot
Built in 1974
For Sale - Active
1 Units

Every inch of this home been thoughtfully updated! Enjoy a bright, open-concept kitchen and living room combo perfect for everyday living and entertaining. Stunning kitchen features modern cabinetry, a spacious island, quartz countertop, stylish backsplash, and stainless steel appliances. Fresh luxury vinyl plank flooring flows throughout the main level. Both bedrooms are updated, with the lower level bathroom offering heated floors and walk-in shower. Enjoy the oversized heated two-car garage plus a detached third garage, ideal for extra storage, hobbies, or a workshop. Step outside to a beautifully landscaped, fully fenced corner lot-complete with a built-in gas grill for effortless outdoor dining and a playground. Additional upgrades include bran-new furnace and water heater. Conveniently located near parks, school, and with easy access to highways for a smooth commute.

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Location


Property Details


Parking

  • Description: Attached Garage, Detached, Asphalt, Heated Garage
  • Garage Spaces: 3
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Full): 1
  • # of Baths (Total): 2.0

Interior Features

  • # of Rooms: 8
  • Basement: Yes
  • Basement Description: Full
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Metal
  • Roof Type: Gable

Land Information

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

Lot Information

  • Parcel ID: 3212021110001
  • Lot Size: 20908 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: (SF) Single Family
  • Year Built: 1974

Tax Information

  • Annual Tax: $3,617

Utilities

  • Water & Sewer: Public
  • Heating: Forced Air

Location

  • County: Hennepin

Listing Details


Listed by:
Cariana Chambers
Keller Williams Classic Rlty NW
(952) 484-5847

Source:
FargoMoorhead Area Association of REALTORS
MLS#: 6757543
FargoMoorhead Area Association of REALTORS

Investment Summary


Monthly Cash Flow
-$183
Cap Rate
5.1%
Cash-on-Cash Return
-2.4%
Debt Coverage Ratio
0.90
Internal Rate of Return (5 years)
1.7%

Purchase Details

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Purchase price:
$398,000
Amount financed:
-$318,400
Down payment:
$79,600
Closing costs:
$11,940
Rehab costs:
$0
Initial cash invested:
$91,540
Square feet:
1,509
Cost per square foot:
$264
Monthly rent per square foot:
$1.92

Financing Details

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Loan amount:
$318,400
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$1,883
Property tax:
$301
Insurance:
$203
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,387

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,900 $34,800
Vacancy loss: (6%)
6% -$174 -$2,088
Operating income:
$2,726 $32,712

Operating Expenses


% Rent Monthly Yearly
Property taxes: (10%)
10%-$301-$3,617
Insurance: (7%)
7%-$203-$2,436
Property management: (8%)
8%-$232-$2,784
Repairs & maintenance: (5%)
5%-$145-$1,740
Capital expenditures: (5%)
5%-$145-$1,740
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (35%)
35%-$1,026-$12,317

Cash Flow


Monthly Yearly
Net operating income:
$1,700 $20,400
Mortgage payments:
-$1,883 -$22,596
Cash flow:
$183 $2,196