38005 Hwy 18 #29 · Bridgeport, WI 53821

$13,500

2 bd · 1.0 ba · 980 sqft · SingleFamily · 225 Days on market

Built 1979 Est $17k · 19% under ↓ 18% since listing

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Why this score? — see what drove the C- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +15.0/30.0
• ARV discount +15.0/15.0
• 1% rule +5.0/10.0
• DSCR +5.0/10.0
• Schools +3.5/10.0
• Rent growth +2.5/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Fantastic opportunity to own an affordable home with great potential! Recent updates include a new on-demand water heater, furnace, and fresh bedroom carpet. The sellers began remodeling before relocating, giving the next owner the chance to add their personal touch and complete the remaining projects. Schedule your showing today?this one won?t last long!

Key facts

• New furnace
• Fresh bedroom carpet
• Built 1979

Tags

• ON-DEMAND WATER HEATER
• NEW FURNACE
• FRESH BEDROOM CARPET

Property features AI

Exterior

• Utilities: Municipal water; Municipal sewer
• Home design: Single-family property; One-story (main level living implied); Located in Kramer’s Estates subdivision; Zoned residential
• Construction: 980 finished above-grade square feet (estimated range 751–1000); No finished below-grade space
• Exterior features: Vinyl exterior; Two storage sheds / outbuildings

Interior

• Kitchen: Includes refrigerator and stove
• Bedrooms: Master bedroom on main level (15 x 12); Second bedroom on main level (8 x 12)
• Bathrooms: One full bathroom; No master bathroom
• Heating & cooling: Forced air heating; Central air conditioning; Natural gas heat
• Interior features: Tankless water heater
• Laundry & utility: No separate basement (slab foundation)

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $14k.

Deal economics

• At list price, monthly cash flow is $554 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($820 rent vs $14k).
• Recommended offer: $12k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads: area grade C — affects rentability + tenant quality, not the cash-flow math above.
• Prairie Du Chien Area School District (town): math 43% / reading 40% proficiency, ranked #146 of 342 in WI (top 43%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Ba Kennedy School (222 students, 59% FRL); Prairie Du Chien High (math 32% / reading 37%, grade F, #144 of 483 statewide, top 36%, 322 students, 42% FRL).
• Market conditions: 42 active listings in the ZIP; 40 units permitted in Crawford County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $93 of loan paydown is wiped out by about $405 of value loss. Plan a longer hold.
• Crawford County population projected at -15% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $4k cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• It's been on market 225 days — a 12% lower offer ($12k) is reasonable based on typical stale-listing flexibility.

Recommended offer $11,880 (12.0% below list)

Questions for the listing agent

1. It's been on market 225 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1979 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
6. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
7. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 6.07% ✓
• Cap rate: 55.57%
• Cash-on-cash: 175.99%
• DSCR: 8.83
• GRM: 1.4

CMA / ARV

• ARV (on-the-fly): $16,660
• Comps found: 1

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
38005 Highway 18 #33	0.10mi	2/1.0	910 (-7%)	21mo	$15,500	$17	66

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: —
• Equity multiple: 9.77×
• Total profit: $33,133
• Equity at exit: $2,013

10-year hold

• IRR: —
• Equity multiple: 20.67×
• Total profit: $74,368
• Equity at exit: $1,167

Cash invested: $3,780 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 73 Landlord-Friendly
• State Wisconsin: 73 Landlord-Friendly · R+2
• County: — inherits STATE
• City: — inherits STATE

5-day notice; preempted; Madison / Milwaukee have some local enforcement.

Methodology + full state rankings →

ZIP-level market 53821

• Home prices YoY: -34.7%
• Active inventory: 42
• Price-to-rent: 1.4×

Monthly cashflow live

• Estimated rent: $820 medium
• Mortgage (P&I): −$71
• Tax est. 1.5%: −$17 /mo · $202/yr
• Insurance: −$6
• HOA: −$0
• Vacancy / Maint / Mgmt: −$172
• Net cashflow: $554

Break-even live

Break-even rent $118

Max offer price $13,500

Occupancy floor 27%

Sensitivity live

Price	-10% $564	-5% $559	+0% $554	+5% $550	+10% $545
Rent	-10% $490	-5% $522	+0% $554	+5% $587	+10% $619
Rate	-1.0pp $561	-0.5pp $558	base $554	+0.5pp $551	+1.0pp $547

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $3,375
• Closing costs: $405
• Reserves months: —
• Total cash needed: —

Listing history 20 events

1. 2026-06-21
   days on market $13,500 Active 225 DOM
2. 2026-06-18
   days on market $13,500 Active 223 DOM
3. 2026-06-17
   days on market $13,500 Active 222 DOM
4. 2026-06-16
   days on market $13,500 Active 221 DOM
5. 2026-06-16
   pricestatus $13,500 Active 220 DOM
6. 2026-06-15
   days on market $16,000 Offer Show 220 DOM
7. 2026-06-15
   days on market $16,000 Offer Show 219 DOM
8. 2026-06-13
   days on market $16,000 Offer Show 218 DOM
9. 2026-06-12
   days on market $16,000 Offer Show 217 DOM
10. 2026-06-09
    days on market $16,000 Offer Show 214 DOM
11. 2026-06-08
    days on market $16,000 Offer Show 213 DOM
12. 2026-06-08
    days on market $16,000 Offer Show 212 DOM
13. 2026-06-05
    days on market $16,000 Offer Show 210 DOM
14. 2026-06-03
    days on market $16,000 Offer Show 208 DOM
15. 2026-06-02
    days on market $16,000 Offer Show 207 DOM
16. 2026-06-01
    days on market $16,000 Offer Show 206 DOM
17. 2026-05-31
    days on market $16,000 Offer Show 205 DOM
18. 2026-03-20
    historical Offer Show
19. 2026-02-04
    price $16,000
20. 2025-11-07
    listed $19,500 Active

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Taxation est. · year 1

• Rental income: $9,838
• − Mortgage interest: −$756
• − Property taxes: −$202
• − Insurance: −$68
• − Repairs & maintenance: −$787
• − Management: −$787
• − Depreciation: −$393
• Taxable income: $6,845
• Est. tax owed @ 24.0%: −$1,643
• After-tax cash flow: $5,010/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Prairie Du Chien Area School District
• NCES district ID: 5512150
• Math proficiency: 43% ▼ -11.00%
• Reading proficiency: 40% ▼ -1.00%
• Median HH income: $42,700
• Composite: 35.06/100
• National rank: #5033
• State rank: #146 of 342 in WI

Livability — Bridgeport

No livability data for this city. (Only ~50 U.S. cities are tracked.)

Census & demographics

• Population (ZIP): 7,711

Population outlook (Crawford County) Hauer SSP2

• Today (2025): 15,748 people
• By 2030: 15,301 · -2.8%
• By 2040: 14,309 · -9.1%
• By 2050: 13,357 · -15.2%
• By 2075: 11,727 · -25.5%
• By 2100: 9,883 · -37.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (93%)
• Race & ethnicity: White 93% Two or more races 4% Hispanic / Latino 2% Black 2%
• Common ancestry: Portuguese 8% Lithuanian 4% Romanian 3%
• Foreign-born: 1% · Canada
• Languages at home: 98% English-only · Spanish 1%

Political lean MEDSL · Crawford

• 2024 margin: R (+13.8) · D 42.5% · R 56.3% · Other 1.2%
• 2008→2024 swing: -40.8pp toward R · 2008: 27.0pp · 2024: -13.8pp
• All cycles: 2024: R+13.8 2020: R+7.7 2016: R+5.5 2012: D+20.0 2008: D+27.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -113.92%
• Current HPI: 214.197
• Rent YoY: —
• Metro: —
• State GDP YoY: ▲ 2.10%
• F500 in state: 20

Industry mix (Fortune 500 HQ in WI)

Industry	F500 HQs	Revenue
▸Industrial Machinery	4	$23B
▸Industrial Technology	2	$36B
▸Insurance	1	$36B
▸Professional Services	1	$19B
▸Utilities	1	$9B
▸Consumer Goods	1	$3B

Price history

-17.9% since first listed

3 events — show timeline

• 2026-03-20 Contingent — SCWMLS
• 2026-02-04 Price Changed $16,000 SCWMLS
• 2025-11-07 Listed $19,500 SCWMLS