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$200,000

For Sale - Active
3842 Fremont Ave N, Minneapolis, MN 55412
3 Beds
1 Bath
1,392 Square Feet
0.12 Acres Lot
Built in 1912
For Sale - Active
Units n/a
Checked: 1 hour ago
Updated: May 29, 2025 at 04:00AM

Investment Summary


Monthly Cash Flow
$227
Cap Rate
7.6%
Cash-on-Cash Return
5.9%
Debt Coverage Ratio
1.22
Internal Rate of Return (5 years)
9.8%

Property Description


0.12 Acres Lot
Built in 1912
For Sale - Active
Units n/a

This charming home is perfect for investors or first-time buyers! The kitchen has been beautifully updated with new flooring, cabinets, granite countertops, and appliances. The interior will be freshly painted where necessary to give it a bright, welcoming feel, and the refinished hardwood floors add warmth and character. The bathroom got a stylish refresh too! Currently used as a rental, this home is already generating income, making it a smart investment or a great place to start your next chapter. 48 hour notice is required for all showings.

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Location


Property Details


Parking

  • Description: Gravel
  • Details: Gravel
  • Garage Spaces: 0
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Full): 1
  • # of Baths (Total): 1.0

Interior Features

  • # of Rooms: 7
  • # of Stories: 2
  • Basement: Yes
  • Basement Description: Full, Unfinished

Exterior Features

  • Exterior Walls Materials: Wood
  • Roof Type: Gable

Land Information

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

Lot Information

  • Parcel ID: 0402924420188
  • Lot Size: 5227 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: (SF) Single Family
  • Year Built: 1912

Tax Information

  • Annual Tax: $1,273

Utilities

  • Heating: Forced Air
  • Cooling: None

Location

  • County: Hennepin

Listing Details


Listed by:
Jackson Mertes
Keller Williams Realty Integrity Lakes
(218) 457-2411

Source:
FargoMoorhead Area Association of REALTORS
MLS#: 6690652
FargoMoorhead Area Association of REALTORS

Investment Summary


Monthly Cash Flow
$227
Cap Rate
7.6%
Cash-on-Cash Return
5.9%
Debt Coverage Ratio
1.22
Internal Rate of Return (5 years)
9.8%

Purchase Details

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Purchase price:
$200,000
Amount financed:
-$160,000
Down payment:
$40,000
Closing costs:
$6,000
Rehab costs:
$0
Initial cash invested:
$46,000
Square feet:
1,392
Cost per square foot:
$144
Monthly rent per square foot:
$1.44

Financing Details

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Loan amount:
$160,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.840%
Principal & interest:
$1,047
Property tax:
$106
Insurance:
$140
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,293

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,000 $24,000
Vacancy loss: (6%)
6% -$120 -$1,440
Operating income:
$1,880 $22,560

Operating Expenses


% Rent Monthly Yearly
Property taxes: (5%)
5%-$106-$1,273
Insurance: (7%)
7%-$140-$1,680
Property management: (8%)
8%-$160-$1,920
Repairs & maintenance: (5%)
5%-$100-$1,200
Capital expenditures: (5%)
5%-$100-$1,200
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (30%)
30%-$606-$7,273

Cash Flow


Monthly Yearly
Net operating income:
$1,274 $15,288
Mortgage payments:
-$1,047 -$12,564
Cash flow:
$227 $2,724