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$374,900

For Sale - Active
9450 Washington Cir, Chanhassen, MN 55317
3 Beds
3 Baths
2,110 Square Feet
0.04 Acres Lot
Built in 2008
For Sale - Active
Units n/a
Checked: 20 hours ago
Updated: Aug 31, 2025 at 06:31PM

Investment Summary


Monthly Cash Flow
-$544
Cap Rate
3.9%
Cash-on-Cash Return
-7.6%
Debt Coverage Ratio
0.69
Internal Rate of Return (5 years)
-3.3%

Property Description


0.04 Acres Lot
Built in 2008
For Sale - Active
Units n/a

Located in Chanhassen with easy access to Hwy 212, this beautifully maintained 2-story townhome offers comfort, style, and space. Enjoy community amenities including a shared in-ground, outdoor heated pool and a neighborhood park. The home features a composite deck overlooking wetlands and mature trees, providing privacy and a nature filled backdrop. Inside, the open floor plan has a fantastic flow, complete with main floor laundry and a living room featuring a gas stone-surround fireplace. The kitchen is a standout, with Bosch stainless steel appliances, granite countertops, tall maple cabinets, and a spacious pantry closet. Upstairs, you’ll find three bedrooms on one level, including a primary suite with a vaulted ceiling, walk-in closet with double shelving and built-ins, plus an ensuite bath featuring a double vanity, soaking tub, and separate shower. The finished walkout lower level adds a large family room and generous storage space. Additional highlights include a 2-car attached, finished garage and immaculate upkeep throughout. This home is truly move-in ready and full of upgrades!

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Location


Property Details


Parking

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

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Partial): 1
  • # of Baths (Total): 3.0

Interior Features

  • # of Rooms: 8
  • # of Stories: 2
  • Basement: Yes
  • Basement Description: Full, Sump Pump
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Siding (Alum/Vinyl)
  • Roof Material: Asphalt, Shingle
  • Pool: Yes
  • Pool Community: Yes

HOA

  • Has HOA: Yes
  • Association: Gassen Management
  • HOA Fee: $408/monthly

Land Information

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

Lot Information

  • Parcel ID: 254230440
  • Lot Size: 1742 sqft

Property Information

  • Property Type: Townhouse
  • Style: (TH) Side x Side
  • Year Built: 2008

Tax Information

  • Annual Tax: $3,532

Utilities

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

Location

  • County: Carver

Listing Details


Listed by:
Kerby J Skurat
RE/MAX Results
(612) 268-1637

Source:
FargoMoorhead Area Association of REALTORS
MLS#: 6772907
FargoMoorhead Area Association of REALTORS

Investment Summary


Monthly Cash Flow
-$544
Cap Rate
3.9%
Cash-on-Cash Return
-7.6%
Debt Coverage Ratio
0.69
Internal Rate of Return (5 years)
-3.3%

Purchase Details

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Purchase price:
$374,900
Amount financed:
-$299,920
Down payment:
$74,980
Closing costs:
$11,247
Rehab costs:
$0
Initial cash invested:
$86,227
Square feet:
2,110
Cost per square foot:
$178
Monthly rent per square foot:
$1.33

Financing Details

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Loan amount:
$299,920
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$1,774
Property tax:
$294
Insurance:
$196
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,264

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: (11%)
11%-$294-$3,532
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: (15%)
15%-$408-$4,896
Total operating expenses: (50%)
50%-$1,402-$16,828

Cash Flow


Monthly Yearly
Net operating income:
$1,230 $14,760
Mortgage payments:
-$1,774 -$21,288
Cash flow:
$544 $6,528