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$375,000

For Sale - Active
7715 118th Ave N, Champlin, MN 55316
3 Beds
2 Baths
1,609 Square Feet
0.23 Acres Lot
Built in 1987
For Sale - Active
1 Units
Checked: 21 hours ago
Updated: Aug 27, 2025 at 08:50PM

Investment Summary


Monthly Cash Flow
-$698
Cap Rate
3.4%
Cash-on-Cash Return
-9.7%
Debt Coverage Ratio
0.61
Internal Rate of Return (5 years)
-5.4%

Property Description


0.23 Acres Lot
Built in 1987
For Sale - Active
1 Units

First time offered for sale. The heart of this home showcases elegant marble countertops that complement the stunning terracotta and hardwood flooring throughout. You'll appreciate the thoughtful updates, including energy-efficient windows, a new water heater, and an updated air conditioning system that keeps utility costs manageable. The kitchen features stainless steel appliances that add a sleek, contemporary touch to daily living. Step outside to discover your private backyard oasis, complete with composite decking and staircase that requires minimal maintenance while providing maximum enjoyment. The outdoor fireplace & patio offer endless possibilities for relaxation or entertaining guests. Schedule your showing today before this home is gone.

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Location


Property Details


Parking

  • Description: Attached Garage
  • Details: Garage Door Opener
  • Garage Spaces: 2
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

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

Interior Features

  • # of Rooms: 10
  • Basement: Yes
  • Basement Description: Block, Concrete

Exterior Features

  • Exterior Walls Materials: Metal
  • Roof Type: Gable
  • Roof Material: Asphalt, Shingle

Land Information

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

Lot Information

  • Parcel ID: 2912021330045
  • Lot Size: 10018 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: (SF) Single Family
  • Year Built: 1987

Tax Information

  • Annual Tax: $3,635

Utilities

  • Water & Sewer: Public
  • Heating: Forced Air
  • Cooling: Central Air

Location

  • County: Hennepin

Listing Details


Listed by:
Mark R Fruen
RE/MAX Results
(612) 270-5162

Source:
FargoMoorhead Area Association of REALTORS
MLS#: 6765027
FargoMoorhead Area Association of REALTORS

Investment Summary


Monthly Cash Flow
-$698
Cap Rate
3.4%
Cash-on-Cash Return
-9.7%
Debt Coverage Ratio
0.61
Internal Rate of Return (5 years)
-5.4%

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:
1,609
Cost per square foot:
$233
Monthly rent per square foot:
$1.24

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:
$303
Insurance:
$140
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,218

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%-$303-$3,635
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%-$803-$9,635

Cash Flow


Monthly Yearly
Net operating income:
$1,077 $12,924
Mortgage payments:
-$1,775 -$21,300
Cash flow:
$698 $8,376