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$2,675,000

For Sale - Active
2572 N Shore Dr, Delavan, WI 53115
3 Beds
0 Baths
2,476 Square Feet
0.00 Acres Lot
Built in 1943
For Sale - Active
Units n/a
Checked: 24 hours ago
Updated: Jul 04, 2025 at 03:17AM

Investment Summary


Monthly Cash Flow
-$12,452
Cap Rate
0.6%
Cash-on-Cash Return
-24.3%
Debt Coverage Ratio
0.09
Internal Rate of Return (5 years)
-19.4%

Property Description


0.00 Acres Lot
Built in 1943
For Sale - Active
Units n/a

Leave your worries behind as you enter the wooded privacy of this 3.7 acre, 1000' deep, Delavan Lake retreat on 90' of prime frontage, set on gentle slope w panoramic views and southern sun. This sprawling 3BR, 2BA, 2467Sf, well maintained ranch features a lodge style living rm w soaring clngs, lannon stone FP, and captivating lakeviews. Ideal for entertaining w split BR plan, family rm, sunroom, eat-in kitchen, lakeside firepit, and front/rear patios. The lakeside patio basks in southern sun w panoramic views while the paver brick courtyard features built-in seating w ambient lighting for a romantic space to greet guests, enjoy quiet conversation, or provide overflow for large gatherings. Offered partially furnished w H Pier & Boat Lift, 4 Car htd garage. Unlimited expansion potential.

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Location


Property Details


Parking

  • Description: Garage
  • Details: Detached
  • Garage Spaces: 4
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Total): 0.0

Interior Features

  • # of Rooms: 7
  • # of Stories: 1
  • Basement: Yes
  • Basement Description: Partial, Concrete

Land Information

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

Lot Information

  • Parcel ID: FD2800015B
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Ranch
  • Year Built: 1943

Tax Information

  • Annual Tax: $23,070

Utilities

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

Location

  • County: Walworth

Listing Details


Listed by:
Michael Balestrieri
Compass Wisconsin-Lake Geneva
(262) 949-3996

Source:
Wisconsin Real Estate Exchange
MLS#: 803506500182
Wisconsin Real Estate Exchange

Investment Summary


Monthly Cash Flow
-$12,452
Cap Rate
0.6%
Cash-on-Cash Return
-24.3%
Debt Coverage Ratio
0.09
Internal Rate of Return (5 years)
-19.4%

Purchase Details

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Purchase price:
$2,675,000
Amount financed:
-$2,140,000
Down payment:
$535,000
Closing costs:
$80,250
Rehab costs:
$0
Initial cash invested:
$615,250
Square feet:
2,476
Cost per square foot:
$1,080
Monthly rent per square foot:
$1.86

Financing Details

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Loan amount:
$2,140,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$13,703
Property tax:
$1,923
Insurance:
$322
Private mortgage insurance (PMI):
$0
Monthly payment:
$15,948

Operating Income

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% Rent Monthly Yearly
Gross rent:
$4,600 $55,200
Vacancy loss: (6%)
6% -$276 -$3,312
Operating income:
$4,324 $51,888

Operating Expenses


% Rent Monthly Yearly
Property taxes: (42%)
42%-$1,923-$23,071
Insurance: (7%)
7%-$322-$3,864
Property management: (8%)
8%-$368-$4,416
Repairs & maintenance: (5%)
5%-$230-$2,760
Capital expenditures: (5%)
5%-$230-$2,760
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (67%)
67%-$3,073-$36,871

Cash Flow


Monthly Yearly
Net operating income:
$1,251 $15,012
Mortgage payments:
-$13,703 -$164,436
Cash flow:
$12,452 $149,424