216 2nd St · Cornell, WI 54732

$122,900

3 bd · 1.0 ba · 1,040 sqft · SingleFamily · 78 Days on market

Built 1935 7,013 sqft lot $118/sqft · 18% below area Est $150k · 18% under ↓ 7% 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 +19.4/30.0
• ARV discount +15.0/15.0
• DSCR +6.1/10.0
• 1% rule +4.3/10.0
• Schools +4.0/10.0
• Livability +3.6/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Lots of potential in the 4 bedroom home with an oversized, insulated 2 car garage. newer vinyl windows in 2016. Some newer flooring in the kitchen, living room, and dining room. Hardwood floors in upper bedrooms. 10x12 wood deck in backyard.

Key facts

• Wood deck
• Newer flooring
• Newer vinyl windows

Tags

• OVERSIZED INSULATED GARAGE
• NEWER VINYL WINDOWS
• NEWER FLOORING
• HARDWOOD FLOORS
• WOOD DECK

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $123k.

Deal economics

• At list price, monthly cash flow is $138 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $114k (7.2% below list).
• Recommended offer: $114k (7.2% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 71/100 on livability (#271 in WI) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: employment C-, amenities F, commute F.
• Cornell School District (rural): math 50% / reading 40% proficiency, ranked #190 of 426 in WI (top 45%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 11 active listings in the ZIP; 368 units permitted in Chippewa County in 2024 (142 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $850 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Chippewa County population projected to shrink 5% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.

Negotiation context

• It's been on market 78 days — a 6% lower offer ($116k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: built in 1935 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $114,028 (7.2% below list)

Questions for the listing agent

1. It's been on market 78 days. Have you received any prior offers? Is the seller open to a 7% concession, seller financing, or rate buy-down credit?
2. Built in 1935 — 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: 0.93% ✗
• Cap rate: 7.64%
• Cash-on-cash: 4.81%
• DSCR: 1.21
• GRM: 9.0

CMA / ARV

• ARV (median comp): $149,993
• List price: $122,900
• Delta: -18.06%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 6 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
213 2nd St	0.03mi	2/1.0 (-1)	1,008 (-3%)	3mo	$90,000	$89	86
201 Thomas St	0.07mi	2/1.0 (-1)	1,040 (0%)	12mo	$165,000	$159	82
116 5th St	0.22mi	2/1.0 (-1)	1,010 (-3%)	4mo	$161,000	$159	76
113 5th St	0.26mi	2/1.0 (-1)	984 (-5%)	8mo	$167,500	$170	67
208 2nd St	0.02mi	2/1.0 (-1)	896 (-14%)	12mo	$84,900	$95	61
209 S 5th St	0.33mi	2/1.5 (-1)	1,056 (+2%)	23mo	$152,000	$144	55

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: -8.9%
• Equity multiple: 0.68×
• Total profit: $-11,172
• Equity at exit: $18,325

10-year hold

• IRR: 0.6%
• Equity multiple: 1.04×
• Total profit: $1,430
• Equity at exit: $10,626

Cash invested: $34,412 (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 54732

• Home prices YoY: -14.7%
• Active inventory: 11
• Price-to-rent: 9.0×

Monthly cashflow live

• Estimated rent: $1,140 medium
• Mortgage (P&I): −$645
• Tax from tax record: −$67 /mo · $807/yr
• Insurance: −$51
• HOA: −$0
• Vacancy / Maint / Mgmt: −$239
• Net cashflow: $138

Break-even live

Break-even rent $966

Max offer price $122,900

Occupancy floor 83%

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: $30,725
• Closing costs: $3,687
• Reserves months: —
• Total cash needed: —

Listing history 18 events

1. 2026-06-18
   days on market $122,900 Active 78 DOM
2. 2026-06-17
   days on market $122,900 Active 77 DOM
3. 2026-06-16
   days on market $122,900 Active 76 DOM
4. 2026-06-15
   days on market $122,900 Active 75 DOM
5. 2026-06-15
   days on market $122,900 Active 74 DOM
6. 2026-06-13
   days on market $122,900 Active 73 DOM
7. 2026-06-12
   days on market $122,900 Active 72 DOM
8. 2026-06-09
   days on market $122,900 Active 69 DOM
9. 2026-06-08
   days on market $122,900 Active 68 DOM
10. 2026-06-08
    days on market $122,900 Active 67 DOM
11. 2026-06-05
    days on market $122,900 Active 65 DOM
12. 2026-06-04
    price $122,900 Active 63 DOM
13. 2026-06-03
    days on market $129,900 Active 63 DOM
14. 2026-06-02
    days on market $129,900 Active 62 DOM
15. 2026-06-01
    days on market $129,900 Active 61 DOM
16. 2026-05-31
    days on market $129,900 Active 60 DOM
17. 2026-05-01
    price $129,900 241-char remark

    Show marketing remark (241 chars)

    Lots of potential in the 4 bedroom home with an oversized, insulated 2 car garage. newer vinyl windows in 2016. Some newer flooring in the kitchen, living room, and dining room. Hardwood floors in upper bedrooms. 10x12 wood deck in backyard.

18. 2026-03-31
    listed $139,900 Active 241-char remark

    Show marketing remark (241 chars)

    Lots of potential in the 4 bedroom home with an oversized, insulated 2 car garage. newer vinyl windows in 2016. Some newer flooring in the kitchen, living room, and dining room. Hardwood floors in upper bedrooms. 10x12 wood deck in backyard.

ⓘ 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: $807 · $67/mo
• Projected year-2 tax: $1,540 · $128/mo
• Expected delta: +$733/yr (+$61/mo · 90.8%)

ⓘ 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 3/10 Moderate
• 🌡 Heat 1/10 Low 7 d/yr ≥95°F today · 14 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $13,683
• − Mortgage interest: −$6,884
• − Property taxes: −$807
• − Insurance: −$614
• − Repairs & maintenance: −$1,095
• − Management: −$1,095
• − Depreciation: −$3,575
• Taxable loss: −$387
• Est. tax savings @ 24.0%: +$93
• After-tax cash flow: $1,747/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: Cornell School District
• NCES district ID: 5502880
• Math proficiency: 50% ▼ -5.00%
• Reading proficiency: 40% ▼ -10.00%
• Median HH income: $43,516
• Composite: 40.27/100
• National rank: #7796
• State rank: #190 of 426 in WI

Livability — Cornell

• Score: 71/100
• State rank: #271
• US rank: #6999

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Cornell, WI
• Population (ZIP): 2,820

Population outlook (Chippewa County) Hauer SSP2

• Today (2025): 64,601 people
• By 2030: 64,743 · +0.2%
• By 2040: 63,950 · -1.0%
• By 2050: 61,359 · -5.0%
• By 2075: 53,265 · -17.5%
• By 2100: 40,534 · -37.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (97%)
• Race & ethnicity: White 97% Hispanic / Latino 2% Two or more races 2%
• Common ancestry: Portuguese 10% Romanian 6% Lithuanian 2%
• Foreign-born: 0%
• Languages at home: 97% English-only · German/W. Germanic 3%

Political lean MEDSL · Chippewa

• 2024 margin: Strong R (+23.0) · D 38.0% · R 60.9% · Other 1.1%
• 2008→2024 swing: -32.1pp toward R · 2008: 9.1pp · 2024: -23.0pp
• All cycles: 2024: R+23.0 2020: R+20.4 2016: R+19.2 2012: R+0.5 2008: D+9.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -40.22%
• Current HPI: 234.2423
• 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

-7.1% since first listed

2 events — show timeline

• 2026-05-01 Price Changed $129,900 RANWW
• 2026-03-31 Listed $139,900 RANWW

Property tax history

+0.2%/yr

Latest (2025): $807 · +0.8% YoY. Source: county tax records.