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$420,000

For Sale - Active
1074 Mobile St, Lake Geneva, WI 53147
4 Beds
1.5 Baths
1,436 Square Feet
0.00 Acres Lot
Built in 1986
For Sale - Active
Units n/a
Checked: 8 hours ago
Updated: Oct 01, 2025 at 10:21AM

Investment Summary


Monthly Cash Flow
-$678
Cap Rate
4.1%
Cash-on-Cash Return
-8.4%
Debt Coverage Ratio
0.68
Internal Rate of Return (5 years)
-4.2%

Property Description


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

Back on the market! Previous offer fell through so here's your chance to make this home yours! Beautifully remodeled 4-bedroom, 1.5-bath home just minutes from the shores of Lake Geneva! Fully updated in 2022, the home showcases a modern kitchen with stainless steel appliances, quartz countertops & new flooring throughout. Recent updates also include newer mechanicals, offering peace of mind. The tree-lined backyard provides a private retreat including a six person hot tub?ideal for relaxation or entertaining. In addition to being a wonderful primary residence or vacation getaway, this property has also been a profitable rental. Its prime location close to beaches, dining, and shopping in downtown Lake Geneva makes it the perfect blend of comfort, convenience, and value.

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Location


Property Details


Parking

  • Description: Garage
  • Details: Attached, Basement, Garage Door Opener
  • Garage Spaces: 1
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

  • # of Baths (Full): 1
  • # of Baths (Partial): 1
  • # of Baths (Total): 1.5

Interior Features

  • # of Rooms: 7
  • Basement: Yes
  • Basement Description: Finished, Full

HOA

  • Association: Lake Geneva

Land Information

  • Land Use: Residential
  • Land Use Subtype: General - Single

Lot Information

  • Parcel ID: ZBL00025
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Contemporary
  • Year Built: 1986

Tax Information

  • Annual Tax: $3,343

Utilities

  • Water & Sewer: Public
  • Heating: Natural Gas
  • Cooling: Central Air

Location

  • County: Walworth

Listing Details


Listed by:
Erin Bickelhaupt
Realty Executives Capital City
(608) 695-2161

Source:
Wisconsin Real Estate Exchange
MLS#: 804106951462
Wisconsin Real Estate Exchange

Investment Summary


Monthly Cash Flow
-$678
Cap Rate
4.1%
Cash-on-Cash Return
-8.4%
Debt Coverage Ratio
0.68
Internal Rate of Return (5 years)
-4.2%

Purchase Details

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Purchase price:
$420,000
Amount financed:
-$336,000
Down payment:
$84,000
Closing costs:
$12,600
Rehab costs:
$0
Initial cash invested:
$96,600
Square feet:
1,436
Cost per square foot:
$292
Monthly rent per square foot:
$1.74

Financing Details

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Loan amount:
$336,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.500%
Principal & interest:
$2,124
Property tax:
$279
Insurance:
$175
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,578

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,500 $30,000
Vacancy loss: (6%)
6% -$150 -$1,800
Operating income:
$2,350 $28,200

Operating Expenses


% Rent Monthly Yearly
Property taxes: (11%)
11%-$279-$3,343
Insurance: (7%)
7%-$175-$2,100
Property management: (8%)
8%-$200-$2,400
Repairs & maintenance: (5%)
5%-$125-$1,500
Capital expenditures: (5%)
5%-$125-$1,500
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (36%)
36%-$904-$10,843

Cash Flow


Monthly Yearly
Net operating income:
$1,446 $17,352
Mortgage payments:
-$2,124 -$25,488
Cash flow:
-$678 -$8,136