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$495,000

Sale Pending
2958 Magnolia Dr, Woodbury, MN 55125
4 Beds
4 Baths
3,560 Square Feet
0.31 Acres Lot
Built in 1999
Sale Pending
Units n/a
Checked: 13 hours ago
Updated: Jul 19, 2025 at 07:40AM

Investment Summary


Monthly Cash Flow
-$860
Cap Rate
3.6%
Cash-on-Cash Return
-9.1%
Debt Coverage Ratio
0.63
Internal Rate of Return (5 years)
-4.8%

Property Description


0.31 Acres Lot
Built in 1999
Sale Pending
Units n/a

Welcome to 2958 Magnolia Drive—a beautifully maintained former model home offering nearly 3,600 finished square feet of versatile living space in a prime Woodbury location. This 4-bedroom, 4-bath two-story blends timeless comfort with thoughtful design, highlighted by a stunning two-story great room anchored by a cozy gas fireplace and expansive windows that bathe the main living area in natural light. The heart of the home features a warm, functional kitchen with stainless steel appliances, oak cabinetry, and a peninsula perfect for casual dining. Adjacent to the kitchen, enjoy both a formal dining room and a sitting room—ideal for hosting guests or everyday relaxation. Upstairs, you’ll find three bedrooms plus a loft, offering flexible space for a home office, reading nook, or play area. The primary suite includes a walk-in closet and a private bath. The finished lower level expands your living space with a large family room, fourth bedroom, an additional full bath, and abundant storage. Outside, enjoy the newly built deck and a tree-lined backyard that feels private and serene—ideal for summer gatherings or peaceful mornings. Additional highlights include a spacious mudroom/laundry area, a 3-car garage, and a quiet, established neighborhood near parks, trails, and schools. This is a move-in-ready home filled with pride of ownership—don’t miss the opportunity to own a former model in one of Woodbury’s most desirable communities.

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Location


Property Details


Parking

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

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

  • # of Baths (Full): 3
  • # of Baths (Partial): 1
  • # of Baths (Total): 4.0

Interior Features

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

Exterior Features

  • Exterior Walls Materials: Siding (Alum/Vinyl)
  • Roof Type: Gable or Hip
  • Roof Material: Shingle

HOA

  • Has HOA: Yes
  • Association: JSP Properties
  • HOA Fee: $110/annually

Land Information

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

Lot Information

  • Parcel ID: 1602821430037
  • Lot Size: 13503 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: (SF) Single Family
  • Year Built: 1999

Tax Information

  • Annual Tax: $5,290

Utilities

  • Water & Sewer: Public
  • Heating: Forced Air

Location

  • County: Washington

Listing Details


Listed by:
Jason T Lange
RE/MAX Results
(612) 247-7593

Source:
FargoMoorhead Area Association of REALTORS
MLS#: 6734579
FargoMoorhead Area Association of REALTORS

Investment Summary


Monthly Cash Flow
-$860
Cap Rate
3.6%
Cash-on-Cash Return
-9.1%
Debt Coverage Ratio
0.63
Internal Rate of Return (5 years)
-4.8%

Purchase Details

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Purchase price:
$495,000
Amount financed:
-$396,000
Down payment:
$99,000
Closing costs:
$14,850
Rehab costs:
$0
Initial cash invested:
$113,850
Square feet:
3,560
Cost per square foot:
$139
Monthly rent per square foot:
$0.79

Financing Details

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Loan amount:
$396,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$2,342
Property tax:
$441
Insurance:
$196
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,979

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: (16%)
16%-$441-$5,290
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: (0%)
0%-$9-$108
Total operating expenses: (41%)
41%-$1,150-$13,798

Cash Flow


Monthly Yearly
Net operating income:
$1,482 $17,784
Mortgage payments:
-$2,342 -$28,104
Cash flow:
$860 $10,320