Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Copied
Photo
Copied
Photo
Photo
Photo
Photo
See all photos

$289,000

For Sale - Active
500 Cartway Rd, Champlin, MN 55316
2 Beds
1 Bath
1,148 Square Feet
0.24 Acres Lot
Built in 1954
For Sale - Active
1 Units
Checked: 9 hours ago
Updated: Jul 21, 2025 at 07:47AM

Investment Summary


Monthly Cash Flow
-$227
Cap Rate
4.7%
Cash-on-Cash Return
-4.1%
Debt Coverage Ratio
0.83
Internal Rate of Return (5 years)
0.0%

Property Description


0.24 Acres Lot
Built in 1954
For Sale - Active
1 Units

Location is everything—and this one delivers! Nestled in a charming Champlin neighborhood, this well-cared-for treasure is perfectly positioned near the city’s beloved parks and scenic trails, including Elm Creek Park Reserve and Andrews Park, ideal for biking, walking, or a quick afternoon escape into nature. You’re just minutes from everything you need—grocery stores, restaurants, coffee shops, and retail conveniences along Highway 169 and Champlin’s bustling business corridor. Step inside this beautifully maintained 2-bedroom, 1-bath home and you’ll immediately feel the warmth and pride of ownership. A brand-new roof and near maintenance free, offers peace of mind and long-term value, while the functional layout makes daily living a breeze. When summer calls, relax or entertain on the cozy back patio inside the fully fenced backyard—perfect for pets, play, or soaking in the sunshine with your morning coffee. Whether you’re looking for a starter home, downsizing, or just want a low-maintenance lifestyle in a great community, this one checks all the boxes.

Build Your Team


Quickly find investor-friendly professionals who can help you succeed in real estate investing at any stage of the investing journey.

Agents

Match with investor-friendly agents who can help you find, analyze, and close your next deal

Find an Agent

Lenders

Get the best funding…find investor-friendly lenders who specialize in your deal strategy

Find a Lender

Property Managers

Transition to passive investing. Find a trusted property management partnership that lasts.

Find a Property Manager

Tax Pros & Accountants

Taxes and financial reporting made easy—find experts to create tax savings strategies, file taxes, and more

Find a Tax Pro

Location


Property Details


Parking

  • Description: Detached, Asphalt, Garage Door Opener
  • Details: Garage Door Opener
  • Garage Spaces: 2
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 2

Bathroom Information

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

Interior Features

  • # of Rooms: 9
  • # of Stories: 1
  • Basement Description: None

Exterior Features

  • Exterior Walls Materials: Stucco
  • Foundation: Slab
  • Roof Type: Hip

Land Information

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

Lot Information

  • Parcel ID: 2412022140099
  • Lot Size: 10454 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: (SF) Single Family
  • Year Built: 1954

Tax Information

  • Annual Tax: $2,867

Utilities

  • Water & Sewer: Well
  • Heating: Forced Air

Location

  • County: Hennepin

Listing Details


Listed by:
Philip B Bremer
eXp Realty
(952) 250-9313

Source:
FargoMoorhead Area Association of REALTORS
MLS#: 6738590
FargoMoorhead Area Association of REALTORS

Investment Summary


Monthly Cash Flow
-$227
Cap Rate
4.7%
Cash-on-Cash Return
-4.1%
Debt Coverage Ratio
0.83
Internal Rate of Return (5 years)
0.0%

Purchase Details

Find an Agent

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:
1,148
Cost per square foot:
$252
Monthly rent per square foot:
$1.74

Financing Details

Find a Lender

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:
$239
Insurance:
$140
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,747

Operating Income

Find a Property Manager

% 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-$2,867
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: (37%)
37%-$739-$8,867

Cash Flow


Monthly Yearly
Net operating income:
$1,141 $13,692
Mortgage payments:
-$1,368 -$16,416
Cash flow:
$227 $2,724