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$800,000

For Sale - Active
38621 July Ave, North Branch, MN 55056
5 Beds
4 Baths
5,310 Square Feet
15.58 Acres Lot
Built in 2002
For Sale - Active
Units n/a
Checked: 1 day ago
Updated: Jun 12, 2025 at 03:32AM

Investment Summary


Monthly Cash Flow
-$2,895
Cap Rate
1.9%
Cash-on-Cash Return
-18.9%
Debt Coverage Ratio
0.31
Internal Rate of Return (5 years)
-14.2%

Property Description


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

The sellers truly thought of everything when designing this stunning, custom-built home, beautifully set on almost 16 acres of peaceful countryside overlooking Sunrise River. The 70x40 garage is complete with heated flooring, RV parking, & three 12-foot garage doors. The home offers over 5,000 finished square feet. This 5-bedroom, 4-bathroom residence is packed with high-end features and thoughtful design throughout. Two spacious main-level primary bedrooms (once known as master bedrooms); one is a large ensuite that also offers a sunroom and access to the deck. Check out the soaring vaulted ceilings, and in-floor heat on all tiled surfaces on both the main and lower levels. A geothermal heating and cooling system delivers substantial energy savings year-round. The expansive wet bar and entertainment area make hosting a breeze. Step outside to enjoy the fiberglass deck railings—designed for low maintenance and uninterrupted views. The front exterior of the home features solid brick for lasting durability and curb appeal. An in-ground sprinkler system helps maintain the beautiful landscape, while a fenced-in area off the side of the home provides a perfect space for pets. This home is a rare find! From its luxurious 5000+ sq ft interior to its incredible outdoor amenities/VIEWS, this is one you do NOT want to miss. Please read language under each picture to learn more about the property!!!

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Location


Property Details


Parking

  • Description: Detached Garage
  • Details: Concrete, Gravel, Garage Door Opener, Heated Garage, RV Access/Parking, Storage
  • Garage Spaces: 5
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 5

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Partial): 0
  • # of Baths (Total): 4.0

Interior Features

  • # of Rooms: 20
  • # of Stories: 1
  • Basement: Yes
  • Basement Description: Finished, Walk-Out Access, Full, Storage Space
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Brick
  • Roof Type: Gable or Hip

Land Information

  • Land Use: Residential
  • Land Use Subtype: Rural/Agricultural

Lot Information

  • Parcel ID: 110050830
  • Lot Size: 678664 sqft

Property Information

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

Tax Information

  • Annual Tax: $7,796

Utilities

  • Water & Sewer: Private, Well
  • Heating: Geothermal
  • Cooling: Geothermal

Location

  • County: Chisago

Listing Details


Listed by:
Tina Weinkauf
Boardwalk Premier Realty, Inc.
(651) 955-7720

Source:
FargoMoorhead Area Association of REALTORS
MLS#: 6713806
FargoMoorhead Area Association of REALTORS

Investment Summary


Monthly Cash Flow
-$2,895
Cap Rate
1.9%
Cash-on-Cash Return
-18.9%
Debt Coverage Ratio
0.31
Internal Rate of Return (5 years)
-14.2%

Purchase Details

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Purchase price:
$800,000
Amount financed:
-$640,000
Down payment:
$160,000
Closing costs:
$24,000
Rehab costs:
$0
Initial cash invested:
$184,000
Square feet:
5,310
Cost per square foot:
$151
Monthly rent per square foot:
$0.53

Financing Details

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Loan amount:
$640,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.810%
Principal & interest:
$4,177
Property tax:
$650
Insurance:
$196
Private mortgage insurance (PMI):
$0
Monthly payment:
$5,023

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: (23%)
23%-$650-$7,796
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: (n/a)
n/an/an/a
Total operating expenses: (48%)
48%-$1,350-$16,196

Cash Flow


Monthly Yearly
Net operating income:
$1,282 $15,384
Mortgage payments:
-$4,177 -$50,124
Cash flow:
$2,895 $34,740