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$255,000

For Sale - Active
7514 32nd Ave, Kenosha, WI 53142
3 Beds
0 Baths
1,456 Square Feet
0.00 Acres Lot
Built in 1953
For Sale - Active
Units n/a
Checked: 1 day ago
Updated: May 28, 2025 at 05:18AM

Investment Summary


Monthly Cash Flow
-$170
Cap Rate
5.3%
Cash-on-Cash Return
-3.5%
Debt Coverage Ratio
0.87
Internal Rate of Return (5 years)
0.6%

Property Description


0.00 Acres Lot
Built in 1953
For Sale - Active
Units n/a

Bring your paintbrush and handyman skills--this 3-bed, 1.5-bath Cape Cod is ready for your vision! Located on Kenosha's south side, this fixer upper home features a spacious layout, a 2-car garage, and a large backyard perfect for outdoor gatherings. The eat-in kitchen includes sliding doors leading to a deck for summer relaxation. The partially finished basement includes a second full bath--with some updates, it could become the perfect bonus space for a rec room, home office, or guest suite. Don't miss out--schedule your showing. Measurements are approximate and should be verified.

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Location


Property Details


Parking

  • Description: Garage
  • Details: Detached
  • Garage Spaces: 2
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

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

Interior Features

  • # of Stories: 1
  • Basement: Yes
  • Basement Description: Full

Exterior Features

  • Exterior Walls Materials: Siding (Alum/Vinyl)

HOA

  • Association: Kenosha

Land Information

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

Lot Information

  • Parcel ID: 0412212204022
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Cape Cod
  • Year Built: 1953

Tax Information

  • Annual Tax: $4,581

Utilities

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

Location

  • County: Kenosha

Listing Details


Listed by:
Jackie Terry
Real Broker Milwaukee
(414) 550-2909

Source:
Wisconsin Real Estate Exchange
MLS#: 803696282764
Wisconsin Real Estate Exchange

Investment Summary


Monthly Cash Flow
-$170
Cap Rate
5.3%
Cash-on-Cash Return
-3.5%
Debt Coverage Ratio
0.87
Internal Rate of Return (5 years)
0.6%

Purchase Details

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Purchase price:
$255,000
Amount financed:
-$204,000
Down payment:
$51,000
Closing costs:
$7,650
Rehab costs:
$0
Initial cash invested:
$58,650
Square feet:
1,456
Cost per square foot:
$175
Monthly rent per square foot:
$1.51

Financing Details

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Loan amount:
$204,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$1,306
Property tax:
$382
Insurance:
$154
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,842

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,200 $26,400
Vacancy loss: (6%)
6% -$132 -$1,584
Operating income:
$2,068 $24,816

Operating Expenses


% Rent Monthly Yearly
Property taxes: (17%)
17%-$382-$4,581
Insurance: (7%)
7%-$154-$1,848
Property management: (8%)
8%-$176-$2,112
Repairs & maintenance: (5%)
5%-$110-$1,320
Capital expenditures: (5%)
5%-$110-$1,320
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (42%)
42%-$932-$11,181

Cash Flow


Monthly Yearly
Net operating income:
$1,136 $13,632
Mortgage payments:
-$1,306 -$15,672
Cash flow:
$170 $2,040