5643 N 66th St · Milwaukee, WI 53218

$119,900

2 bd · 1.0 ba · 864 sqft · SingleFamily public records · 66 Days on market

Built 1948 10,018 sqft lot $139/sqft · 6% below area Est $128k · 6% 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 +18.9/30.0
• ARV discount +10.3/15.0
• DSCR +6.0/10.0
• 1% rule +5.5/10.0
• Livability +4.0/5.0
• Rent growth +3.8/5.0
• Condition / age +2.5/5.0
• Schools +1.2/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

2BR Ranch home with attached garage and full basement. Long time rental home has newer roof siding and windows. Long time rental home is occupied by long time tenant.

Key facts

• Newer roof
• Newer siding
• Full basement

Tags

• NEWER ROOF
• NEWER SIDING
• NEWER WINDOWS
• FULL BASEMENT

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $120k.

Deal economics

• At list price, monthly cash flow is $124 ($1k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $120k).
• Recommended offer: $113k (6.0% below list) — sets the bar for market timing.
• Cap rate 7.5% 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 (+5.3%/yr); 153 active listings in the ZIP; 27 comparable units currently listed for rent nearby; rentals lingering (median 45d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 56% of comp listings sitting > 30 days — soft ceiling on asking rent; 1,017 units permitted in Milwaukee County in 2024 (803 in 5+ unit buildings).
• This rent runs 33% of the median local income ($46k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $829 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

• It's been on market 66 days — a 6% lower offer ($113k) is reasonable based on typical stale-listing flexibility.
• 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.
• Current owner paid $35k; list at $120k implies a 243% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1948 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $112,706 (6.0% below list)

Questions for the listing agent

1. It's been on market 66 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1948 — 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. 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?
6. 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?
7. 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.
8. 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.
9. 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: 1.05% ✓
• Cap rate: 7.53%
• Cash-on-cash: 4.42%
• DSCR: 1.20
• GRM: 7.9

CMA / ARV

• ARV (median comp): $127,760
• List price: $119,900
• Delta: -6.15%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
5658 N 66th St	0.04mi	2/1.5	768 (-11%)	2mo	$170,000	$221	76
5324 N 68th St	0.42mi	2/2.0	879 (+2%)	3mo	$108,000	$123	71
7314 W Tallmadge Pl	0.49mi	3/1.0 (+1)	864 (0%)	2mo	$190,000	$220	70
5863 N 62nd St	0.38mi	3/1.0 (+1)	905 (+5%)	0mo	$180,000	$199	69
5272 N 65th St	0.48mi	3/1.0 (+1)	912 (+6%)	1mo	$127,000	$139	63
5720 W Thurston Ave	0.47mi	2/1.0	792 (-8%)	2mo	$164,900	$208	62
5320 N 69th St	0.45mi	2/1.0	766 (-11%)	2mo	$58,000	$76	58
5359 N 62nd St	0.45mi	3/1.0 (+1)	936 (+8%)	3mo	$111,375	$119	58
5919 N 67th St	0.34mi	3/1.0 (+1)	988 (+14%)	1mo	$155,000	$157	54
5351 N 55th St	0.73mi	3/1.0 (+1)	845 (-2%)	3mo	$128,000	$151	54
5353 N 56th St	0.68mi	3/3.0 (+1)	832 (-4%)	0mo	$125,000	$150	49
5482 N 58th St	0.51mi	3/1.0 (+1)	734 (-15%)	2mo	$120,000	$163	45

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 · 5.29% rent growth · sell at horizon

5-year hold

• IRR: -6.7%
• Equity multiple: 0.75×
• Total profit: $-8,545
• Equity at exit: $17,877

10-year hold

• IRR: 5.7%
• Equity multiple: 1.47×
• Total profit: $15,647
• Equity at exit: $10,367

Cash invested: $33,572 (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 53218

• Home prices YoY: -19.0%
• Rents YoY: 5.3%
• Active inventory: 153
• Price-to-rent: 7.9×

Monthly cashflow live

• Estimated rent: $1,260 high
• Mortgage (P&I): −$629
• Tax from tax record: −$193 /mo · $2,317/yr
• Insurance: −$50
• HOA: −$0
• Vacancy / Maint / Mgmt: −$265
• Net cashflow: $124

Break-even live

Break-even rent $1,104

Max offer price $119,900

Occupancy floor 85%

Sensitivity live

Price	-10% $191	-5% $157	+0% $124	+5% $90	+10% $56
Rent	-10% $24	-5% $74	+0% $124	+5% $173	+10% $223
Rate	-1.0pp $184	-0.5pp $154	base $124	+0.5pp $92	+1.0pp $61

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: $29,975
• Closing costs: $3,597
• Reserves months: —
• Total cash needed: —

Rent comps 27 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
5659 N 64th St Unit 5659A Milwaukee, WI	2.0	1.0	1091	$1,300	$1.19	45d	1	0.13mi
5823 N 65th St Unit Upper Milwaukee, WI	2.0	1.0	768	$1,295	$1.69	45d	1	0.20mi
5820 N 65th St #5822 Milwaukee, WI	2.0	1.0	700	$1,245	$1.78	45d	1	0.21mi
5831 N 65th St Unit 5831 Milwaukee, WI	3.0	1.0	900	$1,195	$1.33	45d	1	0.21mi
6221 W Thurston Ave #6223 Milwaukee, WI	3.0	1.0	800	$1,100	$1.38	21d	1	0.25mi
5905 N 66th St Unit 66th Lower Milwaukee, WI	3.0	1.0	1000	$1,600	$1.60	17d	1	0.28mi
5956 N 67th St Milwaukee, WI	2.0	1.0	925	$1,250	$1.35	45d	1	0.36mi
5958 N 67th St Milwaukee, WI	2.0	1.0	925	$1,250	$1.35	5d	1	0.36mi
6026 W Carmen Ave Milwaukee, WI	2.0	1.0	672	$1,195	$1.78	25d	1	0.38mi
5657 N 60th St #5659 Milwaukee, WI	3.0	1.0	878	$995	$1.13	18d	1	0.38mi
5950 N 69th St Unit 1 Milwaukee, WI	2.0	1.0	1100	$1,100	$1.00	45d	1	0.38mi
5830 N 61st St Milwaukee, WI	3.0	1.0	1024	$1,450	$1.42	45d	1	0.40mi
5688 N 56th St Milwaukee, WI	3.0	1.0	850	$1,445	$1.70	13d	1	0.58mi
5530 N 76th St Apt 8 Milwaukee, WI	1.0	1.0	900	$995	$1.11	45d	1	0.62mi
7632 W Leon Ter Unit C Milwaukee, WI	2.0	1.5	1000	$1,200	$1.20	25d	1	0.72mi
7348 W Medford Ave Unit 7348A Milwaukee, WI	2.0	1.0	1095	$950	$0.87	25d	1	0.88mi
5955 N 79th St Unit 1 Milwaukee, WI	3.0	1.0	1100	$1,650	$1.50	45d	1	0.88mi
5908 N 80th St Milwaukee, WI	3.0	1.0	1056	$1,550	$1.47	25d	1	0.89mi
8023 W Thurston Ave Unit 2 Milwaukee, WI	2.0	1.0	850	$850	$1.00	45d	1	0.90mi
8037 W Thurston Ave Milwaukee, WI	3.0	1.0	1040	$1,600	$1.54	45d	1	0.92mi
6518 W Hampton Ave Unit 2 Milwaukee, WI	2.0	1.0	1100	$1,200	$1.09	45d	1	1.10mi
4843 N 72nd St Milwaukee, WI	3.0	1.0	1014	$1,485	$1.46	45d	1	1.12mi
6535 N 58th St Milwaukee, WI	2.0	1.0	962	$1,195	$1.24	18d	1	1.18mi
7701 W Hampton Ave Unit 6 Milwaukee, WI	2.0	1.0	816	$1,250	$1.53	45d	1	1.34mi
4610 W Eggert Pl #4612 Milwaukee, WI	3.0	1.0	852	$1,095	$1.29	25d	1	1.36mi
5050 N 47th St Milwaukee, WI	2.0	1.0	1092	$1,700	$1.56	45d	1	1.41mi
5165-5167 N 45th St Unit 5165 Milwaukee, WI	3.0	1.0	1020	$1,200	$1.18	18d	1	1.42mi

Listing history 26 events

1. 2026-06-21
   days on market $119,900 Active 66 DOM
2. 2026-06-18
   days on market $119,900 Active 63 DOM
3. 2026-06-17
   days on market $119,900 Active 62 DOM
4. 2026-06-16
   days on market $119,900 Active 61 DOM
5. 2026-06-15
   days on market $119,900 Active 60 DOM
6. 2026-06-13
   days on market $119,900 Active 58 DOM
7. 2026-06-13
   days on market $119,900 Active 57 DOM
8. 2026-06-09
   days on market $119,900 Active 54 DOM
9. 2026-06-08
   days on market $119,900 Active 53 DOM
10. 2026-06-07
    days on market $119,900 Active 52 DOM
11. 2026-06-05
    days on market $119,900 Active 49 DOM
12. 2026-06-03
    days on market $119,900 Active 48 DOM
13. 2026-06-02
    days on market $119,900 Active 47 DOM
14. 2026-06-01
    days on market $119,900 Active 46 DOM
15. 2026-05-31
    days on market $119,900 Active 45 DOM
16. 2026-04-16
    listed $119,900 Active 166-char remark

    Show marketing remark (166 chars)

    2BR Ranch home with attached garage and full basement. Long time rental home has newer roof siding and windows. Long time rental home is occupied by long time tenant.

17. 2017-11-10
    soldstatus $35,000 Sold 149-char remark

    Show marketing remark (149 chars)

    Nice two bedroom ranch in a quiet Milwaukee neighborhood. This is a great opportunity for owner occupant or investor. Currently rented at $850/month.

18. 2017-10-05
    historical Contingent 149-char remark

    Show marketing remark (149 chars)

    Nice two bedroom ranch in a quiet Milwaukee neighborhood. This is a great opportunity for owner occupant or investor. Currently rented at $850/month.

19. 2017-09-28
    listed $65,900 Active 149-char remark

    Show marketing remark (149 chars)

    Nice two bedroom ranch in a quiet Milwaukee neighborhood. This is a great opportunity for owner occupant or investor. Currently rented at $850/month.

20. 2013-08-05
    soldstatus $1,023,700
21. 2013-06-06
    soldstatus $78,200
22. 2013-02-10
    listed $56,857
23. 2013-02-10
    historical
24. 2013-02-09
    historical
25. 2013-02-09
    listed $69,777
26. 1997-06-03
    soldstatus $46,900

ⓘ 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: $2,317 · $193/mo
• Projected year-2 tax: $2,317 · $193/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: $15,120
• − Mortgage interest: −$6,716
• − Property taxes: −$2,317
• − Insurance: −$600
• − Repairs & maintenance: −$1,210
• − Management: −$1,210
• − Depreciation: −$3,488
• Taxable loss: −$420
• Est. tax savings @ 24.0%: +$101
• After-tax cash flow: $1,584/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): 41,196
• Household income: $45,642
• Rent vs Own: 57.1% rent · 42.9% own
• Severe rent burden: 2421.0

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 (72%)
• Race & ethnicity: Black 72% Asian 10% White 10% Hispanic / Latino 5% Two or more races 3%
• Common ancestry: Romanian 1% Lithuanian 1%
• Foreign-born: 6% · Philippines, Canada
• Languages at home: 89% English-only · Other Asian/Pacific 7% Spanish 3%

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: ▼ -76.44%
• Current HPI: 325.1975
• Rent YoY: ▲ 5.29%
• 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

+155.7% since first listed

11 events — show timeline

• 2026-04-16 Listed $119,900 METROMLS
• 2017-11-10 Sold (MLS) $35,000 METROMLS
• 2017-10-05 Contingent — METROMLS
• 2017-09-28 Listed $65,900 METROMLS
• 2013-08-05 Sold (Public Records) $1,023,700 Public Records
• 2013-06-06 Sold (Public Records) $78,200 Public Records
• 2013-02-10 Listing Removed — METROMLS
• 2013-02-10 Listed $56,857 METROMLS
• 2013-02-09 Listed $69,777 METROMLS
• 2013-02-09 Listing Removed — METROMLS
• 1997-06-03 Sold (Public Records) $46,900 Public Records

Property tax history

-3.0%/yr

Latest (2024): $2,317 · +20.1% YoY. Source: county tax records.