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$315,000

For Sale - Active
9915 N Port Washington Ln, Mequon, WI 53092
2 Beds
0 Baths
972 Square Feet
0.00 Acres Lot
Built in 1950
For Sale - Active
Units n/a
Checked: 14 hours ago
Updated: May 14, 2025 at 03:23AM

Investment Summary


Monthly Cash Flow
-$827
Cap Rate
3.0%
Cash-on-Cash Return
-13.7%
Debt Coverage Ratio
0.49
Internal Rate of Return (5 years)
-9.3%

Property Description


0.00 Acres Lot
Built in 1950
For Sale - Active
Units n/a

With just under an acre ,this updated Mequon home is the one to buy! Walk inside to beautiful hardwood floors and a newly remodeled kitchen . spacious, open concept with natural light and views of nature flood through! The bathroom has ceramic tile and a luxury showerhead! Finish the partially framed lower level for 800 more square feet! If you need a third bedroom on the main expand the attached one car garage into a master suite!! (verify w Mequon) Outside there is a chicken coop & greenhouse that w/ a little love could be ready to enjoy ! Grow own food or enjoy the secluded yard ! There is a detached 2.5 car garage as well as a deep one car attached garage! Roof about 7 yrs old !Mequon Schools are stellar! This affordable home won't last long !

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Location


Property Details


Parking

  • Details: Detached
  • Garage Spaces: 3
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 2

Bathroom Information

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

Interior Features

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

Land Information

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

Lot Information

  • Parcel ID: 1505001020.02
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Ranch
  • Year Built: 1950

Tax Information

  • Annual Tax: $2,149

Utilities

  • Water & Sewer: Well, Private
  • Heating: Natural Gas

Location

  • County: Ozaukee

Listing Details


Listed by:
Michelle Hintz
Coldwell Banker Realty
(414) 364-6090

Source:
Wisconsin Real Estate Exchange
MLS#: 803697193548
Wisconsin Real Estate Exchange

Investment Summary


Monthly Cash Flow
-$827
Cap Rate
3.0%
Cash-on-Cash Return
-13.7%
Debt Coverage Ratio
0.49
Internal Rate of Return (5 years)
-9.3%

Purchase Details

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Purchase price:
$315,000
Amount financed:
-$252,000
Down payment:
$63,000
Closing costs:
$9,450
Rehab costs:
$0
Initial cash invested:
$72,450
Square feet:
972
Cost per square foot:
$324
Monthly rent per square foot:
$1.44

Financing Details

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Loan amount:
$252,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$1,614
Property tax:
$179
Insurance:
$98
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,891

Operating Income

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% Rent Monthly Yearly
Gross rent:
$1,400 $16,800
Vacancy loss: (6%)
6% -$84 -$1,008
Operating income:
$1,316 $15,792

Operating Expenses


% Rent Monthly Yearly
Property taxes: (13%)
13%-$179-$2,149
Insurance: (7%)
7%-$98-$1,176
Property management: (8%)
8%-$112-$1,344
Repairs & maintenance: (5%)
5%-$70-$840
Capital expenditures: (5%)
5%-$70-$840
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (38%)
38%-$529-$6,349

Cash Flow


Monthly Yearly
Net operating income:
$787 $9,444
Mortgage payments:
-$1,614 -$19,368
Cash flow:
$827 $9,924