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$289,000

For Sale - Active
4650 Russell Ave N, Minneapolis, MN 55412
4 Beds
2 Baths
1,440 Square Feet
0.12 Acres Lot
Built in 1977
For Sale - Active
Units n/a
Checked: 1 day ago
Updated: Jul 30, 2025 at 01:01AM

Investment Summary


Monthly Cash Flow
-$294
Cap Rate
4.5%
Cash-on-Cash Return
-5.3%
Debt Coverage Ratio
0.79
Internal Rate of Return (5 years)
-1.1%

Property Description


0.12 Acres Lot
Built in 1977
For Sale - Active
Units n/a

Move-In Ready Updated Single-Family Home! This beautifully updated single-level home features 3 spacious bedrooms on one level, large kitchen with eat-in dining area and a bright open living room on the main level. Lower level features a spacious amusement/game/TV room, full bath and the 4th bedroom. Home has been completely remodeled inside and out – Fresh paint, new roof, carpet, appliances, flooring and more. On-street and off-street parking. Window panes being replaced prior to closing. All you'll need to do is unpack and enjoy this beautiful home. Schedule an appointment today!

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Location


Property Details


Parking

  • Details: Other
  • Garage Spaces: 0
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Total): 2.0

Interior Features

  • # of Rooms: 8
  • # of Stories: 1
  • Basement: Yes

Exterior Features

  • Exterior Walls Materials: Wood
  • Roof Type: Hip

Land Information

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

Lot Information

  • Parcel ID: 1111821340067
  • Lot Size: 5227 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: (SF) Single Family
  • Year Built: 1977

Tax Information

  • Annual Tax: $3,676

Utilities

  • Water & Sewer: Public
  • Heating: Forced Air

Location

  • County: Hennepin

Listing Details


Listed by:
Nick J Hillyard
Homefield Realty
(612) 298-7763

Source:
FargoMoorhead Area Association of REALTORS
MLS#: 6739055
FargoMoorhead Area Association of REALTORS

Investment Summary


Monthly Cash Flow
-$294
Cap Rate
4.5%
Cash-on-Cash Return
-5.3%
Debt Coverage Ratio
0.79
Internal Rate of Return (5 years)
-1.1%

Purchase Details

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Purchase price:
$289,000
Amount financed:
-$231,200
Down payment:
$57,800
Closing costs:
$8,670
Rehab costs:
$0
Initial cash invested:
$66,470
Square feet:
1,440
Cost per square foot:
$201
Monthly rent per square foot:
$1.39

Financing Details

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Loan amount:
$231,200
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$1,368
Property tax:
$306
Insurance:
$140
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,814

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: (15%)
15%-$306-$3,676
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: (40%)
40%-$806-$9,676

Cash Flow


Monthly Yearly
Net operating income:
$1,074 $12,888
Mortgage payments:
-$1,368 -$16,416
Cash flow:
$294 $3,528