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$399,900

For Sale - Active
367 Foster St, River Falls, WI 54022
5 Beds
2 Baths
2,073 Square Feet
0.29 Acres Lot
Built in 1972
For Sale - Active
Units n/a
Checked: 10 hours ago
Updated: Sep 08, 2025 at 06:30PM

Investment Summary


Monthly Cash Flow
-$834
Cap Rate
3.6%
Cash-on-Cash Return
-10.9%
Debt Coverage Ratio
0.59
Internal Rate of Return (5 years)
-6.5%

Property Description


0.29 Acres Lot
Built in 1972
For Sale - Active
Units n/a

Welcome to 367 Foster Street in beautiful River Falls—an exceptional split-entry home offering 5 bedrooms, 2 bathrooms, and 2,392 square feet of impeccably remodeled living space. This home is situated on a spacious 0.29-acre lot that is full of mature trees and a beautiful private backyard that is perfect for entertaining! From the moment you step inside, you’ll notice new flooring extending across both levels, creating a seamless and fresh atmosphere. The spacious living room is enhanced by natural light from a brand-new oversized Andersen picture window bringing light through the home! Entertain effortlessly in the beautifully remodeled kitchen, complete with refinished cabinetry, stylish new hardware, a new refrigerator and much more. You will enjoy the new Andersen 6’ side-by side sliding doors lead to your private backyard oasis—ideal for gatherings or quiet retreats. The owner’s suite is thoughtfully designed with a layout that allows for the easy addition of a private ensuite bath. Andersen casement windows are featured throughout, enhancing energy efficiency and aesthetic appeal. Fresh new light fixtures illuminate every room, adding to the home’s “like new” ambiance. Additional upgrades and features include new garage door openers and new LED lighting in the oversized two-car attached garage, forced-air heating with central air conditioning for year-round comfort. This move-in-ready home is located in a desirable neighborhood and is the perfect blend of traditional quality with modern updates. Pre-listing inspection report available and all repairs completed -- make your offer with confidence!

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Location


Property Details


Parking

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

Bedroom Information

  • # of Bedrooms: 5

Bathroom Information

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

Interior Features

  • # of Rooms: 10
  • Basement: Yes
  • Basement Description: Full, Storage Space, Block, Concrete

Exterior Features

  • Roof Material: Asphalt, Shingle

Land Information

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

Lot Information

  • Parcel ID: 2761131600
  • Lot Size: 12632 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: (SF) Single Family
  • Year Built: 1972

Tax Information

  • Annual Tax: $4,474

Utilities

  • Water & Sewer: Public
  • Heating: Forced Air
  • Cooling: Central Air

Location

  • County: Pierce

Listing Details


Listed by:
Brent A Wernlund
Edina Realty, Inc.
(715) 222-4241

Source:
FargoMoorhead Area Association of REALTORS
MLS#: 6767057
FargoMoorhead Area Association of REALTORS

Investment Summary


Monthly Cash Flow
-$834
Cap Rate
3.6%
Cash-on-Cash Return
-10.9%
Debt Coverage Ratio
0.59
Internal Rate of Return (5 years)
-6.5%

Purchase Details

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Purchase price:
$399,900
Amount financed:
-$319,920
Down payment:
$79,980
Closing costs:
$11,997
Rehab costs:
$0
Initial cash invested:
$91,977
Square feet:
2,073
Cost per square foot:
$193
Monthly rent per square foot:
$1.11

Financing Details

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Loan amount:
$319,920
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$2,048
Property tax:
$373
Insurance:
$161
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,582

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,300 $27,600
Vacancy loss: (6%)
6% -$138 -$1,656
Operating income:
$2,162 $25,944

Operating Expenses


% Rent Monthly Yearly
Property taxes: (16%)
16%-$373-$4,474
Insurance: (7%)
7%-$161-$1,932
Property management: (8%)
8%-$184-$2,208
Repairs & maintenance: (5%)
5%-$115-$1,380
Capital expenditures: (5%)
5%-$115-$1,380
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (41%)
41%-$948-$11,374

Cash Flow


Monthly Yearly
Net operating income:
$1,214 $14,568
Mortgage payments:
-$2,048 -$24,576
Cash flow:
$834 $10,008