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$398,500

For Sale - Active
8673 Decathelon Dr, Spicer, MN 56288
4 Beds
3 Baths
2,960 Square Feet
0.97 Acres Lot
Built in 1986
For Sale - Active
Units n/a
Checked: 10 hours ago
Updated: Jun 15, 2025 at 03:18AM

Investment Summary


Monthly Cash Flow
-$594
Cap Rate
3.9%
Cash-on-Cash Return
-7.8%
Debt Coverage Ratio
0.69
Internal Rate of Return (5 years)
-3.5%

Property Description


0.97 Acres Lot
Built in 1986
For Sale - Active
Units n/a

Nestled on a picturesque 1-acre wooded lot, this beautifully maintained 4-bedroom, 3-bathroom split-level home offers space, comfort, and a peaceful setting. The main living area features a vaulted ceiling, creating an open and airy feel, while the kitchen leads to a spacious deck overlooking the serene backyard—perfect for relaxing or entertaining. The primary suite includes a walk-in closet and a private bathroom with a jacuzzi tub and a stand-alone shower. The lower level offers plenty of additional living space with both a great room and a family room, providing flexibility for gatherings. As well as an additional room for an office, den or whatever you need! Located just minutes from both Willmar and Spicer, this home combines privacy with convenience. Don't miss this opportunity—schedule your private showing today!

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Location


Property Details


Parking

  • Description: Attached Garage
  • Garage Spaces: 2
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Total): 3.0

Interior Features

  • # of Rooms: 11
  • Basement: Yes
  • Basement Description: Finished, Full

Land Information

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

Lot Information

  • Parcel ID: 130962400
  • Lot Size: 42253 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: (SF) Single Family
  • Year Built: 1986

Tax Information

  • Annual Tax: $3,542

Utilities

  • Water & Sewer: Private, Well
  • Heating: Forced Air

Location

  • County: Kandiyohi

Listing Details


Listed by:
Lacey D Aalderks
RE/MAX Preferred Realty
(320) 266-1631

Source:
FargoMoorhead Area Association of REALTORS
MLS#: 6680875
FargoMoorhead Area Association of REALTORS

Investment Summary


Monthly Cash Flow
-$594
Cap Rate
3.9%
Cash-on-Cash Return
-7.8%
Debt Coverage Ratio
0.69
Internal Rate of Return (5 years)
-3.5%

Purchase Details

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Purchase price:
$398,500
Amount financed:
-$318,800
Down payment:
$79,700
Closing costs:
$11,955
Rehab costs:
$0
Initial cash invested:
$91,655
Square feet:
2,960
Cost per square foot:
$135
Monthly rent per square foot:
$0.78

Financing Details

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Loan amount:
$318,800
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$1,886
Property tax:
$295
Insurance:
$161
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,342

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,300 $27,600
Vacancy loss: (6%)
6% -$138 -$1,656
Operating income:
$2,162 $25,944

Operating Expenses


% Rent Monthly Yearly
Property taxes: (13%)
13%-$295-$3,542
Insurance: (7%)
7%-$161-$1,932
Property management: (8%)
8%-$184-$2,208
Repairs & maintenance: (5%)
5%-$115-$1,380
Capital expenditures: (5%)
5%-$115-$1,380
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (38%)
38%-$870-$10,442

Cash Flow


Monthly Yearly
Net operating income:
$1,292 $15,504
Mortgage payments:
-$1,886 -$22,632
Cash flow:
$594 $7,128