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$255,000

For Sale - Active
4970 149th St N Unit 3, Hugo, MN 55038
2 Beds
2 Baths
1,288 Square Feet
0.09 Acres Lot
Built in 2006
For Sale - Active
Units n/a
Checked: 6 hours ago
Updated: Jun 06, 2025 at 03:23AM

Investment Summary


Monthly Cash Flow
-$608
Cap Rate
3.5%
Cash-on-Cash Return
-12.4%
Debt Coverage Ratio
0.55
Internal Rate of Return (5 years)
-8.0%

Property Description


0.09 Acres Lot
Built in 2006
For Sale - Active
Units n/a

Welcome home to 4970 149th Street N #3 in the highly sought-after Waters Edge community of Hugo. This well-maintained 2-bedroom, 2-bathroom, 2-story townhome with an attached 2-car garage offers comfortable and convenient living. The main level features an open living room and a spacious eat-in kitchen with ample cabinet and counter space, plus a convenient half bath. Upstairs, you'll find two generously sized bedrooms, including a vaulted primary suite with a walk-in closet and walk-through access to the full bathroom. The upper level also includes a versatile loft—perfect for a home office or reading nook—and upper-level laundry for added convenience. Enjoy peaceful outdoor time on the patio overlooking the side yard. As a resident of Waters Edge, you’ll have access to fantastic amenities including a community pool, clubhouse, fitness center, playground, and scenic walking trails. Located near parks, shopping, and major roadways, this move-in ready Hugo townhome is a must-see!

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Location


Property Details


Parking

  • Description: Attached Garage, Asphalt, Garage Door Opener, Guest Parking, Tuckunder Garage
  • Details: Asphalt
  • Garage Spaces: 2
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 2

Bathroom Information

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

Interior Features

  • # of Rooms: 6
  • # of Stories: 2

Exterior Features

  • Exterior Walls Materials: Siding (Alum/Vinyl)
  • Pool: Yes
  • Pool Community: Yes

HOA

  • Has HOA: Yes
  • Association: HOA Living MN
  • HOA Fee: $407/monthly

Land Information

  • Land Use: Residential
  • Land Use Subtype: Condominium Unit

Lot Information

  • Parcel ID: 1903121120067
  • Lot Size: 3920 sqft

Property Information

  • Property Type: Townhouse
  • Style: (TH) Side x Side
  • Year Built: 2006

Tax Information

  • Annual Tax: $2,870

Utilities

  • Heating: Forced Air

Location

  • County: Washington

Listing Details


Listed by:
Brandon Rudenick
RE/MAX Results
(507) 382-6259

Source:
FargoMoorhead Area Association of REALTORS
MLS#: 6651958
FargoMoorhead Area Association of REALTORS

Investment Summary


Monthly Cash Flow
-$608
Cap Rate
3.5%
Cash-on-Cash Return
-12.4%
Debt Coverage Ratio
0.55
Internal Rate of Return (5 years)
-8.0%

Purchase Details

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Purchase price:
$255,000
Amount financed:
-$204,000
Down payment:
$51,000
Closing costs:
$7,650
Rehab costs:
$0
Initial cash invested:
$58,650
Square feet:
1,288
Cost per square foot:
$198
Monthly rent per square foot:
$1.55

Financing Details

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Loan amount:
$204,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.890%
Principal & interest:
$1,342
Property tax:
$239
Insurance:
$140
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,721

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: (12%)
12%-$239-$2,870
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: (20%)
20%-$407-$4,884
Total operating expenses: (57%)
57%-$1,146-$13,754

Cash Flow


Monthly Yearly
Net operating income:
$734 $8,808
Mortgage payments:
-$1,342 -$16,104
Cash flow:
$608 $7,296