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$599,900

For Sale - Active
5174 61st Ave SE, Rochester, MN 55904
4 Beds
4 Baths
3,280 Square Feet
4.20 Acres Lot
Built in 1996
For Sale - Active
Units n/a
Checked: 10 hours ago
Updated: Jun 01, 2025 at 03:05AM

Investment Summary


Monthly Cash Flow
-$763
Cap Rate
4.2%
Cash-on-Cash Return
-6.6%
Debt Coverage Ratio
0.73
Internal Rate of Return (5 years)
-2.4%

Property Description


4.20 Acres Lot
Built in 1996
For Sale - Active
Units n/a

Beautiful 4-bed, 4-bath, two-story home on 4.2 acres with an additional 24x26 garage for recreational vehicles or for use as a workshop! The main level features charming LVP flooring throughout, a cozy living room with fireplace and skylights, a great room for gatherings, & a kitchen boasting stunning granite countertops, ample storage, and an adjacent office area. On the 2nd level, discover a spacious primary bedroom with a private ensuite bath and walk-in closet, along with 2 more bedrooms and a full bath. The lower level offers a large family room for recreation or relaxation, plus a 4th bedroom & bathroom. The home's highlight is an entertainer's paradise with a well built outdoor kitchen for all your grilling needs; refrigerator, counter space, eat in area, shelving, and additional patio seating! School district choices include the surrounding areas (Stewartville, Dover-Eyota, Chatfield, etc.). Discover the serene beauty of this meticulously landscaped oasis – a true must-see!

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Location


Property Details


Parking

  • Description: Attached Garage, Detached, Concrete
  • Details: Concrete
  • Garage Spaces: 4
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Partial): 1
  • # of Baths (Total): 4.0

Interior Features

  • # of Rooms: 15
  • # of Stories: 2
  • Basement: Yes
  • Basement Description: Finished, Full
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Siding (Alum/Vinyl)

Land Information

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

Lot Information

  • Parcel ID: 63.35.22.053416
  • Lot Size: 182952 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: (SF) Single Family
  • Year Built: 1996

Tax Information

  • Annual Tax: $4,896

Utilities

  • Water & Sewer: Well
  • Heating: Forced Air

Location

  • County: Olmsted

Listing Details


Listed by:
Robin Gwaltney
Re/Max Results
(507) 259-4926

Source:
FargoMoorhead Area Association of REALTORS
MLS#: 6690271
FargoMoorhead Area Association of REALTORS

Investment Summary


Monthly Cash Flow
-$763
Cap Rate
4.2%
Cash-on-Cash Return
-6.6%
Debt Coverage Ratio
0.73
Internal Rate of Return (5 years)
-2.4%

Purchase Details

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Purchase price:
$599,900
Amount financed:
-$479,920
Down payment:
$119,980
Closing costs:
$17,997
Rehab costs:
$0
Initial cash invested:
$137,977
Square feet:
3,280
Cost per square foot:
$183
Monthly rent per square foot:
$1.10

Financing Details

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Loan amount:
$479,920
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$2,839
Property tax:
$408
Insurance:
$252
Private mortgage insurance (PMI):
$0
Monthly payment:
$3,499

Operating Income

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% Rent Monthly Yearly
Gross rent:
$3,600 $43,200
Vacancy loss: (6%)
6% -$216 -$2,592
Operating income:
$3,384 $40,608

Operating Expenses


% Rent Monthly Yearly
Property taxes: (11%)
11%-$408-$4,896
Insurance: (7%)
7%-$252-$3,024
Property management: (8%)
8%-$288-$3,456
Repairs & maintenance: (5%)
5%-$180-$2,160
Capital expenditures: (5%)
5%-$180-$2,160
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (36%)
36%-$1,308-$15,696

Cash Flow


Monthly Yearly
Net operating income:
$2,076 $24,912
Mortgage payments:
-$2,839 -$34,068
Cash flow:
$763 $9,156