7230 Enfield Ave · Greendale, WI 53129

$150,000

3 bd · 1.5 ba · 1,094 sqft · Other · 2 Days on market

Built 1958 9,583 sqft lot

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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 +22.2/30.0
• 1% rule +8.6/10.0
• ARV discount +7.5/15.0
• DSCR +7.1/10.0
• Livability +4.3/5.0
• Schools +4.0/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Perfectly located one block to Canterbury grade school. This ranch home with a nice lot offers many possibilities for the next owner. This home had a house fire and is damaged and in need of much repair. All windows broken. No power to the home. Seller requests Cash offers only. Seller states dryer vent started the fire in the basement. This will not qualify for any type of financing. Hold harmless waiver must be signed prior to entering.

Key facts

• 9,583 sq ft lot
• Built 1958
• Listed 2 days

Property features AI

Finance

• Other: Lot under 1/2 acre (approximately 0.22 acre); Zoned R3 singlefamily; All items in the home included, sold as-is

Exterior

• Utilities: Municipal water; Municipal sewer
• Home design: Single-family home; 1 story
• Construction: Year built from assessor/public record
• Exterior features: Brick, brick/stone, vinyl and wood exterior; Garden shed

Interior

• Kitchen: Dishwasher; Oven; Refrigerator
• Bathrooms: 1 full bathroom; 1 half bathroom
• Heating & cooling: Central air; Forced air; Natural gas heat
• Interior features: Cable/Satellite available; Full basement

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath other listed at $150k.

Deal economics

• At list price, monthly cash flow is $244 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $150k).
• Cap rate 8.2% vs local median 3.7% in Greendale — 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 86/100 on livability (#25 in WI, #402 nationally) — a professional / high-income tenant draw. Strengths: crime A+, commute A+, employment A+; Watch: amenities D.
• Greendale School District (suburban): math 43% / reading 48% proficiency, ranked #81 of 342 in WI (top 24%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Canterbury Elementary (math 59% / reading 46%, grade C-, #211 of 1,041 statewide, top 20%, 367 students, 20% FRL); Greendale Middle (math 35% / reading 46%, grade F, #143 of 383 statewide, top 37%, 621 students, 28% FRL); Greendale High (math 37% / reading 48%, grade F, #72 of 483 statewide, top 15%, 932 students, 25% FRL) — zoned schools at 24% FRL track the district average.
• Market conditions: 14 active listings in the ZIP; 1 comparable units currently listed for rent nearby; solid renter incomes; 1,017 units permitted in Milwaukee County in 2024 (803 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 $4k of value loss. Plan a longer hold.
• Milwaukee County population projected at +4% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

• Only 2 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

• Watch-outs: property tax is 4.1% of price; built in 1958 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $150,000

Questions for the listing agent

1. Built in 1958 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are A-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
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: 1.36% ✓
• Cap rate: 8.25%
• Cash-on-cash: 6.98%
• DSCR: 1.31
• GRM: 6.1

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: -5.4%
• Equity multiple: 0.80×
• Total profit: $-8,522
• Equity at exit: $22,365

10-year hold

• IRR: 4.4%
• Equity multiple: 1.32×
• Total profit: $13,546
• Equity at exit: $12,969

Cash invested: $42,000 (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 53129

• Home prices YoY: -32.7%
• Active inventory: 14
• Price-to-rent: 6.1×

Monthly cashflow live

• Estimated rent: $2,035 medium
• Mortgage (P&I): −$787
• Tax from tax record: −$514 /mo · $6,169/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$427
• Net cashflow: $244

Break-even live

Break-even rent $1,726

Max offer price $150,000

Occupancy floor 83%

Sensitivity live

Price	-10% $329	-5% $287	+0% $244	+5% $202	+10% $159
Rent	-10% $83	-5% $164	+0% $244	+5% $325	+10% $405
Rate	-1.0pp $320	-0.5pp $282	base $244	+0.5pp $205	+1.0pp $166

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: $37,500
• Closing costs: $4,500
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
5036 S 92nd St Apt 3 Greenfield, WI	2.0	1.0	1000	$1,325	$1.32	26d	1	1.50mi

Listing history 3 events

1. 2026-06-07
   statusdays on market $150,000 Pending 2 DOM
2. 2026-06-05
   remarks 442-char remark
3. 2026-06-05
   listed $150,000 Active 1 DOM

ⓘ 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: $6,169 · $514/mo
• Projected year-2 tax: $6,169 · $514/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ 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 ≥100°F today · 13 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $24,416
• − Mortgage interest: −$8,402
• − Property taxes: −$6,169
• − Insurance: −$750
• − Repairs & maintenance: −$1,953
• − Management: −$1,953
• − Depreciation: −$4,364
• Taxable income: $825
• Est. tax owed @ 24.0%: −$198
• After-tax cash flow: $2,732/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: Greendale School District
• NCES district ID: 5505910
• Math proficiency: 43% ▼ -14.00%
• Reading proficiency: 48% ▼ -8.00%
• Median HH income: $62,331
• Composite: 40.22/100
• National rank: #3778
• State rank: #81 of 342 in WI

Livability — Greendale

• Score: 86/100
• State rank: #25
• US rank: #402

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Greendale, WI
• County: Milwaukee County · 926,379 people
• City population: 14,570
• Metro: Milwaukee-Waukesha, WI
• Population (ZIP): 14,570
• Household income: $95,012
• Rent vs Own: 32.8% rent · 67.2% own
• Severe rent burden: 495.0

Population outlook (Milwaukee County) Hauer SSP2

• Today (2025): 995,758 people
• By 2030: 1,009,124 · +1.3%
• By 2040: 1,028,128 · +3.3%
• By 2050: 1,040,066 · +4.4%
• By 2075: 1,057,849 · +6.2%
• By 2100: 1,039,774 · +4.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (79%)
• Race & ethnicity: White 79% Hispanic / Latino 9% Two or more races 6% Asian 6% Black 1%
• Hispanic origin (detail): Mexican 5% Puerto Rican 3%
• Common ancestry: Romanian 20% Portuguese 5% Lithuanian 2%
• Foreign-born: 10% · Canada, China
• Languages at home: 87% English-only · Other Indo-European 4% Spanish 4% Russian/Polish/Slavic 2%

Political lean MEDSL · Milwaukee

• 2024 margin: Solid D (+38.5) · D 68.3% · R 29.8% · Other 1.8%
• 2008→2024 swing: +2.7pp toward D · 2008: 35.9pp · 2024: 38.5pp
• All cycles: 2024: D+38.5 2020: D+39.9 2016: D+37.5 2012: D+34.6 2008: D+35.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -116.94%
• Current HPI: 240.7272
• Rent YoY: —
• Metro: Milwaukee-Waukesha, 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

• 2026-06-03 Listed $150,000 METROMLS

Property tax history

+3.4%/yr

Latest (2024): $6,169 · -47.3% YoY. Source: county tax records.