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$432,900

Sold
2049 W Glen Oaks Ln, Mequon, WI 53092
3 Beds
1 Bath
1,563 Square Feet
0.00 Acres Lot
Built in 1969
Sold
Units n/a
Checked: 10 hours ago
Updated: Jul 25, 2025 at 03:10AM

Investment Summary


Monthly Cash Flow
-$1,274
Cap Rate
2.6%
Cash-on-Cash Return
-15.4%
Debt Coverage Ratio
0.43
Internal Rate of Return (5 years)
-10.9%

Property Description


0.00 Acres Lot
Built in 1969
Sold
Units n/a

This single family, ranch home features 3 bedrooms with wood flooring, 1.5 baths, and natural fireplace sits on almost 1 acre (.923) of land. This home offers plenty of room to grow and create the perfect back yard. Property is situated on a non-through traffic road across from City of Mequon Preserve. Natural fireplace with newer kitchen countertop and sink. Large backyard features a concrete patio to enjoy grilling and entertaining. The 11 course basement walls are higher than normal for the year built and is a blank canvas so that you can make that ''man/she cave'' your own.

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Location


Property Details


Parking

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

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Full): 1
  • # of Baths (Total): 1.0

Interior Features

  • # of Stories: 1
  • Basement: Yes
  • Basement Description: Crawl Space, Full, Sump Pump

Land Information

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

Lot Information

  • Parcel ID: 1506502050.00
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Ranch
  • Year Built: 1969

Tax Information

  • Annual Tax: $3,571

Utilities

  • Water & Sewer: Well, Private
  • Heating: Natural Gas
  • Cooling: Central Air

Location

  • County: Ozaukee

Listing Details


Listed by:
Dale Mayr
Shorewest Realtors, Inc.
(262) 617-2033

Source:
Wisconsin Real Estate Exchange
MLS#: 803891951346
Wisconsin Real Estate Exchange

Investment Summary


Monthly Cash Flow
-$1,274
Cap Rate
2.6%
Cash-on-Cash Return
-15.4%
Debt Coverage Ratio
0.43
Internal Rate of Return (5 years)
-10.9%

Purchase Details

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Purchase price:
$432,900
Amount financed:
-$346,320
Down payment:
$86,580
Closing costs:
$12,987
Rehab costs:
$0
Initial cash invested:
$99,567
Square feet:
1,563
Cost per square foot:
$277
Monthly rent per square foot:
$1.15

Financing Details

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Loan amount:
$346,320
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$2,218
Property tax:
$298
Insurance:
$126
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,642

Operating Income

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% Rent Monthly Yearly
Gross rent:
$1,800 $21,600
Vacancy loss: (6%)
6% -$108 -$1,296
Operating income:
$1,692 $20,304

Operating Expenses


% Rent Monthly Yearly
Property taxes: (17%)
17%-$298-$3,572
Insurance: (7%)
7%-$126-$1,512
Property management: (8%)
8%-$144-$1,728
Repairs & maintenance: (5%)
5%-$90-$1,080
Capital expenditures: (5%)
5%-$90-$1,080
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (42%)
42%-$748-$8,972

Cash Flow


Monthly Yearly
Net operating income:
$944 $11,328
Mortgage payments:
-$2,218 -$26,616
Cash flow:
$1,274 $15,288