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$270,000

For Sale - Active
N3197 Beach Rd, Lake Geneva, WI 53147
1 Bed
0 Baths
580 Square Feet
0.00 Acres Lot
Built in 1955
For Sale - Active
Units n/a
Checked: 8 hours ago
Updated: Jun 11, 2025 at 03:07AM

Investment Summary


Monthly Cash Flow
-$705
Cap Rate
3.2%
Cash-on-Cash Return
-13.6%
Debt Coverage Ratio
0.50
Internal Rate of Return (5 years)
-9.2%

Property Description


0.00 Acres Lot
Built in 1955
For Sale - Active
Units n/a

This idyllic lake cottage comes complete with a separate buildable lot giving you the option to expand and build your dream home, hold it as an investment or or sell it off completely. Brand new roof and gutters installed May 2025! Conveniently located just a block from the lake where you'll enjoy association access through a sandy beach and park complete with boat launch. The one bedroom could easily be expanded to give this home a studio feel. Looking to get started as an investor? This home has been a successful rental property and could easily continue as such. Lake Como Beach Association is golf cart friendly and features a number of different bars and restaurants throughout the neighborhood, all just a quick ride away!

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Location


Property Details


Parking

  • Garage Spaces: 0
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 1

Bathroom Information

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

Interior Features

  • # of Stories: 1
  • Basement Description: Crawl Space

HOA

  • Association: Lake Geneva

Land Information

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

Lot Information

  • Parcel ID: JLCB00872
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Ranch
  • Year Built: 1955

Tax Information

  • Annual Tax: $3,077

Utilities

  • Water & Sewer: Public
  • Heating: Natural Gas
  • Cooling: Window Unit(s)

Location

  • County: Walworth

Listing Details


Listed by:
The Starboard Group*
Berkshire Hathaway Starck Real Estate
(262) 273-4500

Source:
Wisconsin Real Estate Exchange
MLS#: 803523449348
Wisconsin Real Estate Exchange

Investment Summary


Monthly Cash Flow
-$705
Cap Rate
3.2%
Cash-on-Cash Return
-13.6%
Debt Coverage Ratio
0.50
Internal Rate of Return (5 years)
-9.2%

Purchase Details

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Purchase price:
$270,000
Amount financed:
-$216,000
Down payment:
$54,000
Closing costs:
$8,100
Rehab costs:
$0
Initial cash invested:
$62,100
Square feet:
580
Cost per square foot:
$466
Monthly rent per square foot:
$2.41

Financing Details

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Loan amount:
$216,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.840%
Principal & interest:
$1,414
Property tax:
$257
Insurance:
$98
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,769

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: (18%)
18%-$257-$3,078
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: (43%)
43%-$607-$7,278

Cash Flow


Monthly Yearly
Net operating income:
$709 $8,508
Mortgage payments:
-$1,414 -$16,968
Cash flow:
$705 $8,460