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$375,000

For Sale - Active
5921 Xerxes Ave S, Minneapolis, MN 55410
3 Beds
2 Baths
1,616 Square Feet
0.12 Acres Lot
Built in 1950
For Sale - Active
Units n/a
Checked: 4 hours ago
Updated: Jun 21, 2025 at 03:19AM

Investment Summary


Monthly Cash Flow
-$224
Cap Rate
5.0%
Cash-on-Cash Return
-3.1%
Debt Coverage Ratio
0.87
Internal Rate of Return (5 years)
1.0%

Property Description


0.12 Acres Lot
Built in 1950
For Sale - Active
Units n/a

Fully remodeled in 2016. Newer roof, siding, windows, furnace, A/C, water heater, updated electrical and plumbing, bathrooms, kitchen, SS Samsung appliances, granite counters, ceramic back splash walls, washer, dryer, flooring, doors, lights, faucets, asphalt driveway, concrete walkways... the list goes on. Attached garage w/long driveway fits 3 cars. Located in great location just blocks from Southdale center, 50th & France & Lake Harriet.

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Location


Property Details


Parking

  • Description: Attached Garage
  • Garage Spaces: 1
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

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

Interior Features

  • # of Rooms: 7
  • # of Stories: 1
  • Basement: Yes

Exterior Features

  • Roof Type: Gable

Land Information

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

Lot Information

  • Parcel ID: 2002824420120
  • Lot Size: 5227 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: (SF) Single Family
  • Year Built: 1950

Tax Information

  • Annual Tax: $4,577

Utilities

  • Heating: Baseboard, Forced Air

Location

  • County: Hennepin

Listing Details


Listed by:
Jason Miskowic
RE/MAX Advantage Plus
(612) 532-5311

Source:
FargoMoorhead Area Association of REALTORS
MLS#: 6720800
FargoMoorhead Area Association of REALTORS

Investment Summary


Monthly Cash Flow
-$224
Cap Rate
5.0%
Cash-on-Cash Return
-3.1%
Debt Coverage Ratio
0.87
Internal Rate of Return (5 years)
1.0%

Purchase Details

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Purchase price:
$375,000
Amount financed:
-$300,000
Down payment:
$75,000
Closing costs:
$11,250
Rehab costs:
$0
Initial cash invested:
$86,250
Square feet:
1,616
Cost per square foot:
$232
Monthly rent per square foot:
$1.73

Financing Details

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Loan amount:
$300,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$1,775
Property tax:
$381
Insurance:
$196
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,352

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: (14%)
14%-$381-$4,577
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: (39%)
39%-$1,081-$12,977

Cash Flow


Monthly Yearly
Net operating income:
$1,551 $18,612
Mortgage payments:
-$1,775 -$21,300
Cash flow:
$224 $2,688