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$479,900

Sold
1861 River Lakes Rd S, Oconomowoc, WI 53066
5 Beds
0 Baths
4,054 Square Feet
0.00 Acres Lot
Built in 2005
Sold
Units n/a
Checked: 7 hours ago
Updated: Aug 01, 2025 at 03:22AM

Investment Summary


Monthly Cash Flow
-$360
Cap Rate
5.2%
Cash-on-Cash Return
-3.9%
Debt Coverage Ratio
0.85
Internal Rate of Return (5 years)
0.2%

Property Description


0.00 Acres Lot
Built in 2005
Sold
Units n/a

Convenience to the max in this gorgeous Pabst Farms neo-colonial.Main floor Master Suite with trayed ceiling & luxury bath!Open floorplan from kitchen to Great Room w/focus on the fireplace flanked by dramatic windows!Professionally finished LL offers 5thBR w/egress,full BA,media room & furnished game room!Granite & hardwood kitchen offers huge island plus more than ample dinette & pantry,SS appliances.Huge mud room w/4 lockers + separate laundry rm w/outside entrance. Neatly manicured yard ,walking path along back lotline. New subdivision going in behind. Fussy buyers will be VERY happy here!

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Location


Property Details


Parking

  • Description: Garage
  • Details: Attached
  • Garage Spaces: 3
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 5

Bathroom Information

  • # of Baths (Full): 3
  • # of Baths (Partial): 1
  • # of Baths (Total): 0.0

Interior Features

  • # of Rooms: 11
  • # of Stories: 2
  • Basement Description: Finished, Full, Concrete, Sump Pump

HOA

  • Association: Oconomowoc

Land Information

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

Lot Information

  • Parcel ID: OCOC0630093
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Colonial
  • Year Built: 2005

Tax Information

  • Annual Tax: $7,947

Utilities

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

Location

  • County: Waukesha

Listing Details


Listed by:
Pat Mullikin
M3 Realty
(414) 305-1949

Source:
Wisconsin Real Estate Exchange
MLS#: 121516325274
Wisconsin Real Estate Exchange

Investment Summary


Monthly Cash Flow
-$360
Cap Rate
5.2%
Cash-on-Cash Return
-3.9%
Debt Coverage Ratio
0.85
Internal Rate of Return (5 years)
0.2%

Purchase Details

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Purchase price:
$479,900
Amount financed:
-$383,920
Down payment:
$95,980
Closing costs:
$14,397
Rehab costs:
$0
Initial cash invested:
$110,377
Square feet:
4,054
Cost per square foot:
$118
Monthly rent per square foot:
$0.99

Financing Details

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Loan amount:
$383,920
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$2,458
Property tax:
$662
Insurance:
$280
Private mortgage insurance (PMI):
$0
Monthly payment:
$3,400

Operating Income

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% Rent Monthly Yearly
Gross rent:
$4,000 $48,000
Vacancy loss: (6%)
6% -$240 -$2,880
Operating income:
$3,760 $45,120

Operating Expenses


% Rent Monthly Yearly
Property taxes: (17%)
17%-$662-$7,947
Insurance: (7%)
7%-$280-$3,360
Property management: (8%)
8%-$320-$3,840
Repairs & maintenance: (5%)
5%-$200-$2,400
Capital expenditures: (5%)
5%-$200-$2,400
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (42%)
42%-$1,662-$19,947

Cash Flow


Monthly Yearly
Net operating income:
$2,098 $25,176
Mortgage payments:
-$2,458 -$29,496
Cash flow:
$360 $4,320