5565 N 35th St · Milwaukee, WI 53209

$99,900

5 bd · 1.0 ba · 1,660 sqft · SingleFamily public records · 1 Days on market

Built 1926 5,227 sqft lot Est $171k · 42% under

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Why this score? — see what drove the B+ 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 +30.0/30.0
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Rent growth +4.7/5.0
• Livability +4.0/5.0
• Condition / age +2.5/5.0
• Schools +1.2/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Investment opportunity. Currently occupied 5 bedroom home. Rent is $800/month.

Key facts

• Parking spaces
• Full basement
• 5,227 sq ft lot

Tags

• FULL BASEMENT
• PARTIALLY FENCED YARD
• PARKING SPACES

Property features AI

Finance

• Other: Seller and tenant personal property excluded

Exterior

• Parking: 1 parking space
• Utilities: Municipal water; Municipal sewer; Natural gas
• Home design: Single-family home; 1.5-story design; Less than 1/2 acre lot (0.12 acre); Zoned LB2
• Construction: Aluminum/steel exterior; Year built from assessor/public record
• Exterior features: Patio; Sidewalks

Interior

• Kitchen: Kitchen on main level (14 x 10)
• Bedrooms: Master bedroom on main level (15 x 11); Bedroom 2 on main level (11 x 11); Bedroom 3 on upper level (11 x 11); Bedroom 4 on upper level (12 x 10); Bedroom 5 on upper level (12 x 11)
• Bathrooms: Full bath with tub only; Full bath with shower over tub
• Heating & cooling: Forced air heating (natural gas)
• Interior features: Cable/satellite available; Full block basement

🏷️ Possibly a rental listed for sale. The $99,900 price doesn't fit this home's estimated sale value (~$170,980) and the remarks read like a rental — treat the cards below with caution.

What this means for you Summary

Snapshot

• This is a 5-bed/1.0-bath single-family listed at $100k.

Deal economics

• At list price, monthly cash flow is $781 ($9k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $100k).
• Cap rate 15.7% vs local median 5.1% in Milwaukee — 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 81/100 on livability (#55 in WI, #1,534 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, commute A+, cost of living A+; Watch: employment D+, schools F, crime F.
• Milwaukee School District (urban): math 10% / reading 18% proficiency, ranked #337 of 342 in WI (top 98%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 77% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising fast (+8.6%/yr); 168 active listings in the ZIP; 4 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 1,017 units permitted in Milwaukee County in 2024 (803 in 5+ unit buildings).
• At $1,999/mo this rent would consume 49% of the median local household income ($48k/yr) (locally 3390% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $691 of loan paydown is wiped out by about $3k 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.
• At projected returns (-3.0% appreciation + 8.0% rent growth), your $28k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• Only 1 days on market — expect competitive offers; lowballing is unlikely to land.
• 4 sale attempts since 13y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Watch-outs: property tax is 2.8% of price; built in 1926 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $99,900

Questions for the listing agent

1. Built in 1926 — 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 F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
5. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
6. 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.
7. 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.
8. 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: 2.00% ✓
• Cap rate: 15.68%
• Cash-on-cash: 33.52%
• DSCR: 2.49
• GRM: 4.2

CMA / ARV

• ARV (on-the-fly): $170,980
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
5312 N 36th St	0.33mi	4/2.0 (-1)	1,638 (-1%)	1mo	$201,000	$123	73
5410 N 37th St	0.22mi	4/2.0 (-1)	1,642 (-1%)	12mo	$95,000	$58	68
5542 N 40th St	0.28mi	4/1.5 (-1)	1,695 (+2%)	11mo	$175,000	$103	67
5403 N 37th St	0.25mi	4/1.5 (-1)	1,498 (-10%)	4mo	$129,000	$86	62
5479 N 36th St	0.12mi	4/1.5 (-1)	1,807 (+9%)	13mo	$190,000	$105	62
5561 N 40th St	0.30mi	4/3.0 (-1)	1,586 (-4%)	6mo	$200,000	$126	60
5402 N 41st St	0.40mi	4/1.5 (-1)	1,522 (-8%)	4mo	$145,000	$95	57
5377 N 39th St	0.34mi	4/1.0 (-1)	1,495 (-10%)	13mo	$149,900	$100	52
5936 N 42nd St	0.61mi	4/2.0 (-1)	1,750 (+5%)	2mo	$220,000	$126	52
6025 N 35th St	0.58mi	4/2.0 (-1)	1,505 (-9%)	2mo	$112,000	$74	47
5862 N 37th St	0.39mi	4/1.5 (-1)	1,900 (+14%)	8mo	$227,000	$119	44
3726 W Fairmount Ave	0.73mi	4/1.0 (-1)	1,411 (-15%)	7mo	$75,000	$53	30

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 · 8.0% rent growth · sell at horizon

5-year hold

• IRR: 34.8%
• Equity multiple: 2.58×
• Total profit: $44,241
• Equity at exit: $14,895

10-year hold

• IRR: 44.3%
• Equity multiple: 6.40×
• Total profit: $151,086
• Equity at exit: $8,638

Cash invested: $27,972 (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 53209

• Rents YoY: 8.6%
• Active inventory: 168
• Price-to-rent: 4.2×

Monthly cashflow live

• Estimated rent: $1,999 medium
• Mortgage (P&I): −$524
• Tax from tax record: −$232 /mo · $2,789/yr
• Insurance: −$42
• HOA: −$0
• Vacancy / Maint / Mgmt: −$420
• Net cashflow: $781

Break-even live

Break-even rent $1,010

Max offer price $99,900

Occupancy floor 56%

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: $24,975
• Closing costs: $2,997
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4334 W Eggert Pl Milwaukee, WI	4.0	1.0	1077	$1,695	$1.57	24d	1	0.77mi
4340 W Eggert Pl Milwaukee, WI	4.0	1.0	1066	$1,695	$1.59	24d	1	0.77mi
5073 N 48th St Milwaukee, WI	4.0	1.0	1152	$1,595	$1.38	15d	1	1.02mi
2225 W Mill Rd Glendale, WI	4.0	2.0	1945	$2,495	$1.28	24d	1	1.34mi

Listing history 2 events

1. 2026-06-18
   remarks 535-char remark
2. 2026-06-18
   listed $99,900 Pending 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: $2,789 · $232/mo
• Projected year-2 tax: $2,789 · $232/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 ≥98°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: $23,990
• − Mortgage interest: −$5,596
• − Property taxes: −$2,789
• − Insurance: −$500
• − Repairs & maintenance: −$1,919
• − Management: −$1,919
• − Depreciation: −$2,906
• Taxable income: $8,361
• Est. tax owed @ 24.0%: −$2,007
• After-tax cash flow: $7,370/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: Milwaukee School District
• NCES district ID: 5509600
• Math proficiency: 10% ▼ -5.00%
• Reading proficiency: 18% ▬ 0.00%
• Median HH income: $36,339
• Composite: 11.61/100
• National rank: #9696
• State rank: #337 of 342 in WI

Livability — Milwaukee

• Score: 81/100
• State rank: #55
• US rank: #1534

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Milwaukee, WI
• County: Milwaukee County · 926,379 people
• City population: 573,768
• Metro: Milwaukee-Waukesha, WI
• Population (ZIP): 45,170
• Household income: $48,486
• Rent vs Own: 56.2% rent · 43.8% own
• Severe rent burden: 3390.0

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 Black (66%)
• Race & ethnicity: Black 66% White 22% Hispanic / Latino 5% Two or more races 5% Asian 2%
• Hispanic origin (detail): Mexican 2% Puerto Rican 3%
• Common ancestry: Romanian 3% Portuguese 1% Iranian 1%
• Foreign-born: 3% · Canada
• Languages at home: 92% English-only · Spanish 4% Other Asian/Pacific 1% Russian/Polish/Slavic 1%

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: ▼ -194.98%
• Current HPI: 172.4275
• Rent YoY: ▲ 8.61%
• 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

+234.1% since first listed

13 events — show timeline

• 2026-06-18 Pending — METROMLS
• 2026-06-18 Listed $99,900 METROMLS
• 2019-07-29 Sold (Public Records) $280,000 Public Records
• 2014-10-30 Sold (Public Records) $310,000 Public Records
• 2014-07-23 Sold (Public Records) $120,000 Public Records
• 2014-06-16 Listing Removed — METROMLS
• 2014-06-16 Listed $32,000 METROMLS
• 2014-06-09 Sold (MLS) $25,000 METROMLS
• 2013-02-10 Listing Removed — METROMLS
• 2013-02-10 Listed $56,857 METROMLS
• 2013-02-09 Listing Removed — METROMLS
• 2013-02-09 Listed $56,700 METROMLS
• 1992-04-01 Sold (Public Records) $29,900 Public Records

Property tax history

+9.0%/yr

Latest (2024): $2,789 · -25.6% YoY. Source: county tax records.