Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Copied
Unbranded Virtual Tour
Copied
Unbranded Virtual Tour
Photo
Photo
Photo
See all photos

$449,000

For Sale - Active
2348 Kelm St, Chaska, MN 55318
3 Beds
4 Baths
2,400 Square Feet
0.14 Acres Lot
Built in 2002
For Sale - Active
Units n/a
Checked: 5 hours ago
Updated: May 30, 2025 at 03:25AM

Investment Summary


Monthly Cash Flow
-$788
Cap Rate
4.2%
Cash-on-Cash Return
-9.2%
Debt Coverage Ratio
0.66
Internal Rate of Return (5 years)
-4.9%

Property Description


0.14 Acres Lot
Built in 2002
For Sale - Active
Units n/a

Updated home with great flow throughout. The main floor boasts an open living and dining layout, along with a 3-season sunroom (not included in the finished square footage) that overlooks the backyard and a low-maintenance deck. The kitchen offers plenty of storage and prep space, featuring white cabinetry, granite counters, and stainless steel appliances. The primary bedroom is a dream, complete with an updated, spa-like bathroom and a walk-in closet. Two additional bedrooms, a full bathroom, and laundry complete the upper level. The lower level features an amusement/family room and office space, with plenty of storage there as well. You'll love living in this location—close to Chaska Community Park, walking trails, and schools. Backyard playset is included in the sale; Seller will be leaving.

Build Your Team


Quickly find investor-friendly professionals who can help you succeed in real estate investing at any stage of the investing journey.

Agents

Match with investor-friendly agents who can help you find, analyze, and close your next deal

Find an Agent

Lenders

Get the best funding…find investor-friendly lenders who specialize in your deal strategy

Find a Lender

Property Managers

Transition to passive investing. Find a trusted property management partnership that lasts.

Find a Property Manager

Tax Pros & Accountants

Taxes and financial reporting made easy—find experts to create tax savings strategies, file taxes, and more

Find a Tax Pro

Location


Property Details


Parking

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

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Full): 1
  • # of Baths (Total): 4.0

Interior Features

  • # of Rooms: 9
  • # of Stories: 2
  • Basement: Yes
  • Basement Description: Finished, Concrete, Storage Space, Sump Pump
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Siding (Alum/Vinyl)

HOA

  • Has HOA: Yes
  • Association: Jonathan Association
  • HOA Fee: $359/annually

Land Information

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

Lot Information

  • Parcel ID: 300920330
  • Lot Size: 6098 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: (SF) Single Family
  • Year Built: 2002

Tax Information

  • Annual Tax: $4,890

Utilities

  • Heating: Forced Air

Location

  • County: Carver

Listing Details


Listed by:
Laura Rasmussen
Fazendin REALTORS
(612) 710-1551

Source:
FargoMoorhead Area Association of REALTORS
MLS#: 6709317
FargoMoorhead Area Association of REALTORS

Investment Summary


Monthly Cash Flow
-$788
Cap Rate
4.2%
Cash-on-Cash Return
-9.2%
Debt Coverage Ratio
0.66
Internal Rate of Return (5 years)
-4.9%

Purchase Details

Find an Agent

Purchase price:
$449,000
Amount financed:
-$359,200
Down payment:
$89,800
Closing costs:
$13,470
Rehab costs:
$0
Initial cash invested:
$103,270
Square feet:
2,400
Cost per square foot:
$187
Monthly rent per square foot:
$1.21

Financing Details

Find a Lender

Loan amount:
$359,200
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.840%
Principal & interest:
$2,351
Property tax:
$408
Insurance:
$203
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,962

Operating Income

Find a Property Manager

% 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: (14%)
14%-$408-$4,890
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: (1%)
1%-$30-$360
Total operating expenses: (40%)
40%-$1,163-$13,950

Cash Flow


Monthly Yearly
Net operating income:
$1,563 $18,756
Mortgage payments:
-$2,351 -$28,212
Cash flow:
$788 $9,456