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$399,900

For Sale - Active
2934 Putnam Glen Pl, Eau Claire, WI 54701
3 Beds
3 Baths
3,220 Square Feet
0.00 Acres Lot
Built in 2006
For Sale - Active
1 Units
Checked: 10 hours ago
Updated: Sep 07, 2025 at 10:08AM

Investment Summary


Monthly Cash Flow
-$1,421
Cap Rate
1.9%
Cash-on-Cash Return
-18.5%
Debt Coverage Ratio
0.31
Internal Rate of Return (5 years)
-13.9%

Property Description


0.00 Acres Lot
Built in 2006
For Sale - Active
1 Units

Nothing to do but move in with this beautiful condo on Eau Claire's Southside. Stunning kitchen features abundant cabinet/countertop space, under cabinet lighting, tall pantry cabinet, oversized eat in dining area & a large formal dining that can fit a 6-8 person table plus a hutch. Living room has plenty of room for a larger sectional set, great natural light, gas fireplace & new carpet. Owner's suite has AMAZING closet space, wood floors, tray ceiling & a private bath with double sinks, linen closet, tub & separate walk in shower. Main level also offers laundry room w/ sink, mudroom off the garage, 2nd bedroom, 2nd bath & a gorgeous 4 season room that you will want to spend tons of time in. Lower level has a HUGE family room, 3rd bedroom, office/craft room, bath & storage room. Other features include: maintenance free private deck, new carpet on main level in June 2025, custom blinds & all appliances included. Just minutes from medical facilities, shopping & restaurants.

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Location


Property Details


Parking

  • Description: Attached, Concrete, Driveway, Garage
  • Details: Attached
  • Garage Spaces: 2
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Full): 3
  • # of Baths (Total): 3.0

Interior Features

  • # of Rooms: 14
  • # of Stories: 1
  • Basement: Yes
  • Basement Description: Full, Partially Finished, Concrete
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Vinyl siding

HOA

  • Has HOA: Yes
  • HOA Fee: $3,180/annually

Land Information

  • Land Use: Residential
  • Land Use Subtype: Condominium Unit

Lot Information

  • Parcel ID: 156602000
  • Lot Size: 0 sqft

Property Information

  • Property Type: Condominium
  • Year Built: 2006

Tax Information

  • Annual Tax: $5,851

Utilities

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

Location

  • County: Eau Claire

Listing Details


Listed by:
Cheree Tiry
Team Tiry Real Estate, LLC
(715) 379-1058

Source:
Wisconsin Real Estate Exchange
MLS#: 803939398736
Wisconsin Real Estate Exchange

Investment Summary


Monthly Cash Flow
-$1,421
Cap Rate
1.9%
Cash-on-Cash Return
-18.5%
Debt Coverage Ratio
0.31
Internal Rate of Return (5 years)
-13.9%

Purchase Details

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Purchase price:
$399,900
Amount financed:
-$319,920
Down payment:
$79,980
Closing costs:
$11,997
Rehab costs:
$0
Initial cash invested:
$91,977
Square feet:
3,220
Cost per square foot:
$124
Monthly rent per square foot:
$0.62

Financing Details

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Loan amount:
$319,920
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$2,048
Property tax:
$488
Insurance:
$140
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,676

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,000 $24,000
Vacancy loss: (6%)
6% -$120 -$1,440
Operating income:
$1,880 $22,560

Operating Expenses


% Rent Monthly Yearly
Property taxes: (24%)
24%-$488-$5,852
Insurance: (7%)
7%-$140-$1,680
Property management: (8%)
8%-$160-$1,920
Repairs & maintenance: (5%)
5%-$100-$1,200
Capital expenditures: (5%)
5%-$100-$1,200
HOA fees: (13%)
13%-$265-$3,180
Total operating expenses: (63%)
63%-$1,253-$15,032

Cash Flow


Monthly Yearly
Net operating income:
$627 $7,524
Mortgage payments:
-$2,048 -$24,576
Cash flow:
$1,421 $17,052