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$410,000

For Sale - Active
16380 Jaffna Pl, Lakeville, MN 55044
4 Beds
3 Baths
1,965 Square Feet
0.04 Acres Lot
Built in 2023
For Sale - Active
1 Units
Checked: 6 hours ago
Updated: Jun 21, 2025 at 03:18AM

Investment Summary


Monthly Cash Flow
-$658
Cap Rate
3.8%
Cash-on-Cash Return
-8.4%
Debt Coverage Ratio
0.66
Internal Rate of Return (5 years)
-4.1%

Property Description


0.04 Acres Lot
Built in 2023
For Sale - Active
1 Units

Welcome to this exceptional, like-new, four-bedroom end-unit townhome nestled in the desirable Lakeville community. This stunning residence offers a perfect blend of modern amenities and comfortable living spaces, ideal for buyers seeking a sophisticated and convenient lifestyle. Step inside and be greeted by the main level's open and inviting layout, showcasing gray cabinetry in the kitchen. The granite countertops, stainless steel appliances, ?oversized center island, and spacious walk-in pantry create a culinary enthusiast's dream, offering ample space for meal preparation and entertaining. The adjoining great room is bathed in natural light, thanks to strategically placed windows that illuminate the space. A linear fireplace adds a touch of elegance and warmth, creating a cozy ambiance for relaxing with family and friends. Ascend to the upper level, where you'll discover four generously sized bedrooms, a versatile loft area, and a conveniently located laundry room. The private owner's suite is a true retreat, with a private bathroom and boasting generous walk-in closet. The extra-deep 26-foot garage offers exceptional parking and storage solutions, accommodating vehicles of various sizes and recreational gear. This smart home is equipped with a state-of-the-art security system that seamlessly integrates with Alexa. Enjoy the convenience of quick access to 35W, making commuting a breeze. Explore the nearby Loc Laven Park and Crystal Beach, offering endless opportunities for outdoor recreation and relaxation. This meticulously maintained townhome presents a rare opportunity to own a modern and stylish residence in a prime Lakeville location. Don't miss your chance to experience the epitome of comfortable and convenient living. Schedule your private showing today!

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Location


Property Details


Parking

  • Description: Attached Garage, Asphalt, Garage Door Opener, Insulated Garage
  • Details: Asphalt, Garage Door Opener
  • Garage Spaces: 2
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

  • # of Baths (Full): 1
  • # of Baths (Partial): 1
  • # of Baths (Total): 3.0

Interior Features

  • # of Rooms: 11
  • # of Stories: 2
  • Fireplace: Yes

HOA

  • Has HOA: Yes
  • Association: Crystal Park Townhome Association
  • HOA Fee: $325/monthly

Land Information

  • Land Use: Residential
  • Land Use Subtype: Townhouse

Lot Information

  • Parcel ID: 221867001330
  • Lot Size: 1742 sqft

Property Information

  • Property Type: Townhouse
  • Style: (TH) Side x Side
  • Year Built: 2023

Tax Information

  • Annual Tax: $3,902

Utilities

  • Heating: Forced Air

Location

  • County: Dakota

Listing Details


Listed by:
Brian Amundson
Keller Williams Preferred Rlty
(507) 581-6681

Source:
FargoMoorhead Area Association of REALTORS
MLS#: 6737480
FargoMoorhead Area Association of REALTORS

Investment Summary


Monthly Cash Flow
-$658
Cap Rate
3.8%
Cash-on-Cash Return
-8.4%
Debt Coverage Ratio
0.66
Internal Rate of Return (5 years)
-4.1%

Purchase Details

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Purchase price:
$410,000
Amount financed:
-$328,000
Down payment:
$82,000
Closing costs:
$12,300
Rehab costs:
$0
Initial cash invested:
$94,300
Square feet:
1,965
Cost per square foot:
$209
Monthly rent per square foot:
$1.42

Financing Details

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Loan amount:
$328,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$1,940
Property tax:
$325
Insurance:
$196
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,461

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,800 $33,600
Vacancy loss: (6%)
6% -$168 -$2,016
Operating income:
$2,632 $31,584

Operating Expenses


% Rent Monthly Yearly
Property taxes: (12%)
12%-$325-$3,902
Insurance: (7%)
7%-$196-$2,352
Property management: (8%)
8%-$224-$2,688
Repairs & maintenance: (5%)
5%-$140-$1,680
Capital expenditures: (5%)
5%-$140-$1,680
HOA fees: (12%)
12%-$325-$3,900
Total operating expenses: (48%)
48%-$1,350-$16,202

Cash Flow


Monthly Yearly
Net operating income:
$1,282 $15,384
Mortgage payments:
-$1,940 -$23,280
Cash flow:
$658 $7,896