1029 W 7th Ave · Oshkosh, WI 54902

$165,000

2 bd · 1.0 ba · 1,100 sqft · Other public records · 13 Days on market

Built 1926 6,098 sqft lot

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Why this score? — see what drove the D- 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 +11.1/30.0
• ARV discount +7.5/15.0
• Livability +4.2/5.0
• 1% rule +3.3/10.0
• DSCR +3.2/10.0
• Rent growth +3.2/5.0
• Schools +2.9/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Opportunity awaits! This 3-bedroom, 1-bath home is full of potential and ready for your vision. Situated on a nicely sized lot, the property features a detached garage with workshop space, an on-demand hot water system, and a functional floor plan. With some cosmetic updates, this home could truly shine. Great for investors, DIY enthusiasts, or buyers looking to add their own style and build equity. Convenient Oshkosh location close to everyday amenities. Property is being sold as-is. Seller will be reviewing all offers by 5/27/2026 at 3 PM.

Key facts

• Workshop space
• Oshkosh location
• Detached garage

Tags

• DETACHED GARAGE
• WORKSHOP SPACE
• ON-DEMAND HOT WATER SYSTEM
• FUNCTIONAL FLOOR PLAN
• OSHKOSH LOCATION

Property features AI

Exterior

• Parking: Detached 1-car garage; Total of 1 garage parking space
• Utilities: Municipal water; Municipal sewer
• Home design: 1.5-story single-family home; Construction completed
• Construction: Assessor/Public Record indicates year built; Basement: block construction
• Exterior features: Vinyl exterior; Lot approximately 0.14 acre (less than 1/2 acre); Zoned residential

Interior

• Kitchen: Kitchen on main level (13 x 15); Includes stove, refrigerator, dishwasher
• Bedrooms: Master bedroom on upper level (16 x 10); Bedroom 2 on upper level (14 x 9); Bedroom 3 on upper level (14 x 11)
• Bathrooms: One full bathroom
• Heating & cooling: Forced air heating; Natural gas fuel
• Interior features: Den/office on main level (10 x 12); Living room on main level (14 x 19); Full basement with toilet only; block construction
• Laundry & utility: Washer and dryer included

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath other listed at $165k.

Deal economics

• At list price, monthly cash flow is $-68 ($-814/yr) — negative.
• To cash-flow at today's rent, offer at most $153k (7.3% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $137k (17.0% below list).
• Recommended offer: $137k (17.0% below list) — sets the bar for 1% rule.
• Cap rate 5.8% vs local median 3.7% in Oshkosh — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 85/100 on livability (#29 in WI, #574 nationally) — a professional / high-income tenant draw. Strengths: cost of living A+, housing A+, health & safety A+.
• Oshkosh Area School District (urban): math 33% / reading 34% proficiency, ranked #246 of 342 in WI (top 72%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising (+2.6%/yr); 44 active listings in the ZIP; 36 comparable units currently listed for rent nearby; rentals at typical pace (median 22d on market — plan ~3-4 weeks tenant-placement turnaround); 652 units permitted in Winnebago County in 2024 (333 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $5k of value loss. Plan a longer hold.
• Winnebago County population projected at +3% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

• Only 13 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

• Watch-outs: built in 1926 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $136,981 (17.0% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. Built in 1926 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
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: 0.83% ✗
• Cap rate: 5.80%
• Cash-on-cash: -1.76%
• DSCR: 0.92
• GRM: 10.0

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 2.6% rent growth · sell at horizon

5-year hold

• IRR: -19.6%
• Equity multiple: 0.32×
• Total profit: $-31,582
• Equity at exit: $24,602

10-year hold

• IRR: -13.3%
• Equity multiple: 0.24×
• Total profit: $-35,194
• Equity at exit: $14,266

Cash invested: $46,200 (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 54902

• Rents YoY: 2.6%
• Active inventory: 44
• Price-to-rent: 10.0×

Monthly cashflow live

• Estimated rent: $1,370 high
• Mortgage (P&I): −$865
• Tax from tax record: −$216 /mo · $2,592/yr
• Insurance: −$69
• HOA: −$0
• Vacancy / Maint / Mgmt: −$288
• Net cashflow: $-68

Break-even live

Break-even rent $1,456

Max offer price $153,011

Occupancy floor 100%

Sensitivity live

Price	-10% $26	-5% $-21	+0% $-68	+5% $-115	+10% $-161
Rent	-10% $-176	-5% $-122	+0% $-68	+5% $-14	+10% $40
Rate	-1.0pp $15	-0.5pp $-26	base $-68	+0.5pp $-111	+1.0pp $-154

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: $41,250
• Closing costs: $4,950
• Reserves months: —
• Total cash needed: —

Rent comps 36 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
648 W 10th Ave Unit 648A Oshkosh, WI	2.0	1.0	704	$1,000	$1.42	14d	1	0.50mi
532 W 5th Ave Oshkosh, WI	2.0	1.0	1120	$2,495	$2.23	44d	1	0.64mi
1510 Witzel Ave Oshkosh, WI	3.0	2.0	950	$1,399	$1.47	14d	1	0.67mi
405 Michigan St Unit 1061622P Oshkosh, WI	2.0	1.0	1097	$2,526	$2.30	22d	1	0.70mi
1317 Southland Ave Unit 1319-203 Oshkosh, WI	2.0	1.0	825	$999	$1.21	22d	1	0.70mi
1115 Moreland St Apt 4 Oshkosh, WI	2.0	1.0	700	$1,195	$1.71	14d	1	0.77mi
1305 W South Park Ave Unit 1315H Oshkosh, WI	3.0	1.5	1500	$1,799	$1.20	44d	1	0.85mi
1255 W 18th Ave Oshkosh, WI	1.0–2.0	1.0–2.0	771	$925	$1.20	14d	1	0.93mi
500 Marion Rd Oshkosh, WI	2.0	2.0	840	$1,225	$1.46	14d	1	0.96mi
419 N Westfield St Unit 421 Oshkosh, WI	3.0	1.5	1300	$1,799	$1.38	44d	1	1.01mi
419 N Westfield St Unit 1702 Oshkosh, WI	3.0	1.5	1300	$1,599	$1.23	44d	1	1.01mi
419 N Westfield St Unit 419 Oshkosh, WI	3.0	1.5	1300	$1,599	$1.23	22d	1	1.01mi
247 Sullivan St Unit 279-202 Oshkosh, WI	2.0	1.0	850	$1,099	$1.29	22d	1	1.04mi
247 Sullivan St Unit 247-406 Oshkosh, WI	3.0	1.5	1100	$1,499	$1.36	44d	1	1.04mi
212 W 8th Ave Oshkosh, WI	2.0	1.0	1100	$1,099	$1.00	22d	1	1.06mi
417 Marion Rd Oshkosh, WI	1.0–2.0	1.0–2.0	778	$2,500	$3.21	14d	10	1.07mi
416 W 17th Ave Unit 416 Oshkosh, WI	3.0	1.5	1100	$1,450	$1.32	44d	1	1.07mi
1740 Lombard Ave Oshkosh, WI	2.0	1.0	825	$1,149	$1.39	14d	4	1.07mi
420426 Sullivan St Oshkosh, WI	2.0	1.0	850	$1,199	$1.41	14d	1	1.11mi
155 Jackson St Oshkosh, WI	2.0	1.0–2.0	716	$1,775	$2.48	22d	8	1.11mi
306 Wisconsin St Oshkosh, WI	3.0	1.0	1500	$1,500	$1.00	44d	1	1.11mi
1270 W 20th Ave Unit 1264 Oshkosh, WI	2.0	1.5	950	$1,599	$1.68	44d	1	1.12mi
1270 W 20th Ave Unit 1228 Oshkosh, WI	2.0	1.5	950	$1,649	$1.74	22d	1	1.12mi
106 W 9th Ave Oshkosh, WI	2.0	1.0	900	$995	$1.11	44d	1	1.16mi
1745 Taft Ave Unit H2 Oshkosh, WI	2.0	1.0	840	$899	$1.07	14d	1	1.18mi
512 Algoma Blvd Unit 212 Oshkosh, WI	2.0	1.0	900	$999	$1.11	14d	1	1.20mi
8 W 9th Ave Unit 200 Oshkosh, WI	2.0	1.0	792	$1,295	$1.64	44d	1	1.27mi
1668 Oregon St Unit 1668A (upper) Oshkosh, WI	1.0	1.0	812	$1,000	$1.23	44d	1	1.30mi
35 W 14th Ave Unit 35A Oshkosh, WI	2.0	1.0	1000	$1,000	$1.00	44d	1	1.30mi
1119 S Main St Unit 1121 Oshkosh, WI	3.0	1.0	1066	$1,250	$1.17	22d	1	1.31mi
1745 Oregon St Oshkosh, WI	1.0–3.0	1.0–2.0	1079	$1,282	$1.19	14d	6	1.33mi
728 Wisconsin St Oshkosh, WI	2.0–3.0	1.0	950	$1,100	$1.16	44d	2	1.35mi
728 Wisconsin St Apt 3 Oshkosh, WI	2.0	1.0	950	$1,100	$1.16	22d	1	1.35mi
100 N Main St Oshkosh, WI	2.0	2.0	1100	$1,495	$1.36	14d	1	1.35mi
2235 Brookview Ct Apt F Oshkosh, WI	2.0	1.0	1000	$1,150	$1.15	22d	1	1.40mi
825 Wisconsin St Unit 1B Oshkosh, WI	3.0	1.0	1200	$1,199	$1.00	44d	1	1.40mi

Listing history 8 events

1. 2026-06-09
   status $165,000 Pending 13 DOM
2. 2026-06-08
   days on market $165,000 Active w/ Contract 13 DOM
3. 2026-06-07
   days on market $165,000 Active w/ Contract 12 DOM
4. 2026-06-02
   days on market $165,000 Active w/ Contract 7 DOM
5. 2026-06-01
   days on market $165,000 Active w/ Contract 6 DOM
6. 2026-05-31
   days on market $165,000 Active w/ Contract 5 DOM
7. 2026-05-30
   days on market $165,000 Active w/ Contract 4 DOM
8. 2026-05-26
   listed $165,000 Active

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

Tax reassessment forecast WI · Partial reset (capped growth)

• Current annual tax: $2,592 · $216/mo
• Projected year-2 tax: $2,822 · $235/mo
• Expected delta: +$230/yr (+$19/mo · 8.9%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 2/10 Low 7 d/yr ≥97°F today · 13 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $16,438
• − Mortgage interest: −$9,243
• − Property taxes: −$2,592
• − Insurance: −$825
• − Repairs & maintenance: −$1,315
• − Management: −$1,315
• − Depreciation: −$4,800
• Taxable loss: −$3,652
• Est. tax savings @ 24.0%: +$876
• After-tax cash flow: $62/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: Oshkosh Area School District
• NCES district ID: 5511190
• Math proficiency: 33% ▼ -7.00%
• Reading proficiency: 34% ▼ -2.00%
• Median HH income: $48,048
• Composite: 28.92/100
• National rank: #6634
• State rank: #246 of 342 in WI

Livability — Oshkosh

• Score: 85/100
• State rank: #29
• US rank: #574

Category grades

Amenities B+ Commute C Cost of living A+ Crime B Employment C Housing A+ Health & safety A+ User ratings A

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Oshkosh, WI
• County: Winnebago County · 155,689 people
• City population: 81,810
• Metro: Oshkosh-Neenah, WI
• Population (ZIP): 22,243
• Household income: $65,612
• Rent vs Own: 38.0% rent · 62.0% own
• Severe rent burden: 873.0

Population outlook (Winnebago County) Hauer SSP2

• Today (2025): 175,480 people
• By 2030: 177,928 · +1.4%
• By 2040: 180,873 · +3.1%
• By 2050: 181,302 · +3.3%
• By 2075: 184,071 · +4.9%
• By 2100: 175,932 · +0.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (84%)
• Race & ethnicity: White 84% Two or more races 7% Asian 4% Hispanic / Latino 3% Black 3%
• Common ancestry: Romanian 6% Portuguese 4% Lithuanian 3%
• Foreign-born: 2% · Canada, China
• Languages at home: 95% English-only · Other Asian/Pacific 2% Spanish 2%

Political lean MEDSL · Winnebago

• 2024 margin: Toss-up / Even · D 46.9% · R 51.7% · Other 1.4%
• 2008→2024 swing: -16.4pp toward R · 2008: 11.7pp · 2024: -4.8pp
• All cycles: 2024: R+4.8 2020: R+4.0 2016: R+7.4 2012: D+3.8 2008: D+11.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -122.03%
• Current HPI: 187.4917
• Rent YoY: ▲ 2.60%
• Metro: Oshkosh-Neenah, WI
• 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

1 event — show timeline

• 2026-05-26 Listed $165,000 RANW

Property tax history

-9.3%/yr

Latest (2024): $2,592 · +15.0% YoY. Source: county tax records.