208 Osborne St · Cornell, WI 54732

$120,000

3 bd · 1.5 ba · 1,408 sqft · Other · 7 Days on market

Built 1900 0.33 ac lot $85/sqft · 24% below area Est $157k · 24% under

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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 +22.9/30.0
• ARV discount +15.0/15.0
• DSCR +7.4/10.0
• 1% rule +5.6/10.0
• 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

Welcome to this charming and updated 3+ bedroom, 1.5-bath home perfectly situated within walking distance to downtown. This home offers a flexible layout with three bedrooms plus additional space for a home office, guest room, or hobby area. You?ll appreciate the many recent updates throughout, giving the home a fresh, move-in-ready feel while still maintaining its cozy character. Whether you?re a first-time buyer, looking to downsize, or searching for an investment opportunity, this home checks all the boxes. Enjoy small-town living with modern updates and the convenience of being close to everything Cornell has to offer.

Key facts

• Recent updates
• Flexible layout
• Move in ready

Tags

• WALKING DISTANCE TO DOWNTOWN
• FLEXIBLE LAYOUT
• HOME OFFICE
• RECENT UPDATES
• MOVE IN READY

Property features AI

Finance

• Other: Lot size approximately 0.33 acre (< 1/2 acre)
• Financial info:
• HOA & community:

Exterior

• Parking:
• Security:
• Utilities: Municipal water; Municipal sewer; Electric service (circuit breakers)
• Home design: Single-family, 1-story home; Entry level: Main; Residential zoning
• Construction: Hardboard exterior; Crawl space / slab foundation
• Exterior features: Deck; Fenced yard; Garden shed

Interior

• Kitchen: Range/oven; Refrigerator
• Bedrooms: Master bedroom (Main) — approximately 13 x 11; Bedroom 2 (Main) — approximately 13 x 11; Bedroom 3 (Main) — approximately 11 x 11
• Flooring: Wood
• Bathrooms: One full bathroom; One half bathroom
• Heating & cooling: Baseboard heat; LP gas heating
• Interior features: Ceiling fans; Circuit breakers
• Laundry & utility: Washer; Dryer

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath other listed at $120k.

Deal economics

• At list price, monthly cash flow is $211 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $120k).

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 $830 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

• Only 7 days on market — expect competitive offers; lowballing is unlikely to land.
• Current owner paid $8k; list at $120k implies a 1400% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1900 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $120,000

Questions for the listing agent

1. Built in 1900 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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.
4. 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.
5. 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: 1.06% ✓
• Cap rate: 8.40%
• Cash-on-cash: 7.54%
• DSCR: 1.34
• GRM: 7.9

CMA / ARV

• ARV (median comp): $156,996
• List price: $120,000
• Delta: -23.57%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: -4.8%
• Equity multiple: 0.82×
• Total profit: $-6,000
• Equity at exit: $17,892

10-year hold

• IRR: 4.9%
• Equity multiple: 1.36×
• Total profit: $12,080
• Equity at exit: $10,375

Cash invested: $33,600 (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: 7.9×

Monthly cashflow live

• Estimated rent: $1,271 medium
• Mortgage (P&I): −$629
• Tax from tax record: −$114 /mo · $1,363/yr
• Insurance: −$50
• HOA: −$0
• Vacancy / Maint / Mgmt: −$267
• Net cashflow: $211

Break-even live

Break-even rent $1,004

Max offer price $120,000

Occupancy floor 78%

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: $30,000
• Closing costs: $3,600
• Reserves months: —
• Total cash needed: —

Listing history 3 events

1. 2026-05-11
   status Pending 630-char remark
2. 2026-05-04
   listed $120,000 Active 630-char remark
3. 2013-10-07
   soldstatus $8,000

ⓘ 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: $1,363 · $114/mo
• Projected year-2 tax: $1,792 · $149/mo
• Expected delta: +$428/yr (+$36/mo · 31.4%)

ⓘ 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: $15,251
• − Mortgage interest: −$6,722
• − Property taxes: −$1,363
• − Insurance: −$600
• − Repairs & maintenance: −$1,220
• − Management: −$1,220
• − Depreciation: −$3,491
• Taxable income: $635
• Est. tax owed @ 24.0%: −$152
• After-tax cash flow: $2,381/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

+1400.0% since first listed

3 events — show timeline

• 2026-05-11 Pending — RANWW
• 2026-05-04 Listed $120,000 RANWW
• 2013-10-07 Sold (Public Records) $8,000 Public Records

Property tax history

+24.0%/yr

Latest (2025): $1,363 · -0.6% YoY. Source: county tax records.