620 Seminole Ave · Osceola, WI 54020

$195,000

4 bd · 2.0 ba · 2,085 sqft · SingleFamily · 38 Days on market

Built 1920 0.91 ac 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 +22.5/30.0
• ARV discount +7.5/15.0
• DSCR +7.2/10.0
• 1% rule +5.9/10.0
• Schools +4.4/10.0
• Livability +3.5/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Opportunity knocks! This spacious home sits on nearly an acre lot next to the local airport, offering a unique sense of privacy and open space that?s hard to find in town. Inside, you?ll find great potential featuring a large family room with a cozy gas fireplace, some original hardwood floors, as well as main floor laundry & flex room perfect for an office or hobby space. The tuck under 2-car garage is complemented by an additional 24x30 2+ car detached garage, giving you tons of room for vehicles, toys, tools, or storage. Updates include a newer furnace & garage roof, plus the convenience of city sewer while still enjoying well water. This home does need TLC, but offers an excellent sweat equity opportunity in the heart of Osceola. Schedule your showing today!

Key facts

• Nearly an acre lot
• Large family room
• Gas fireplace

Tags

• NEARLY AN ACRE LOT
• LARGE FAMILY ROOM
• GAS FIREPLACE
• ORIGINAL HARDWOOD FLOORS
• MAIN FLOOR LAUNDRY
• FLEX ROOM

Property features AI

Exterior

• Parking: Tuck-under 2-car garage
• Utilities: City water; City sewer; Natural gas
• Home design: Residential property; Two levels; Main entry on main level; Irregular lot shape; Lot about 0.91 acre
• Construction: Below-ground area/unfinished basement (about 793); Above-grade finished living area about 2,085
• Exterior features: Wood exterior

Interior

• Kitchen: Kitchen on main level
• Bedrooms: 4 bedrooms (3 on upper level, 1 on main level)
• Bathrooms: 1 full bath (main floor); 1 half bath
• Heating & cooling: Forced air heating; No central air
• Interior features: Unfinished basement; Dining room; Family room; Flex room; Foyer; Living room
• Laundry & utility: Basement utility space

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $195k.

Deal economics

• At list price, monthly cash flow is $328 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $195k).
• Recommended offer: $189k (3.0% below list) — sets the bar for market timing.
• Cap rate 8.3% vs local median 2.3% in Osceola — 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 69/100 on livability (#318 in WI) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: employment D, amenities F, commute F.
• Osceola School District (rural): math 54% / reading 46% proficiency, ranked #51 of 342 in WI (top 15%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 32 active listings in the ZIP; 238 units permitted in Polk County in 2024 (0 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 $6k of value loss. Plan a longer hold.
• Polk County population projected at -24% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• It's been on market 38 days — a 3% lower offer ($189k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $15k (7%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1920 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $189,150 (3.0% below list)

Questions for the listing agent

1. It's been on market 38 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1920 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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.
5. 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.
6. 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: 1.09% ✓
• Cap rate: 8.31%
• Cash-on-cash: 7.22%
• DSCR: 1.32
• GRM: 7.6

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: -5.2%
• Equity multiple: 0.80×
• Total profit: $-10,650
• Equity at exit: $29,075

10-year hold

• IRR: 4.4%
• Equity multiple: 1.33×
• Total profit: $17,794
• Equity at exit: $16,860

Cash invested: $54,600 (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 54020

• Home prices YoY: -33.5%
• Active inventory: 32
• Price-to-rent: 7.6×

Monthly cashflow live

• Estimated rent: $2,125 medium
• Mortgage (P&I): −$1,023
• Tax from tax record: −$246 /mo · $2,958/yr
• Insurance: −$81
• HOA: −$0
• Vacancy / Maint / Mgmt: −$446
• Net cashflow: $328

Break-even live

Break-even rent $1,709

Max offer price $195,000

Occupancy floor 80%

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: $48,750
• Closing costs: $5,850
• Reserves months: —
• Total cash needed: —

Listing history 15 events

1. 2026-06-18
   days on market $195,000 Active 38 DOM
2. 2026-06-17
   days on market $195,000 Active 37 DOM
3. 2026-06-16
   days on market $195,000 Active 36 DOM
4. 2026-06-15
   days on market $195,000 Active 35 DOM
5. 2026-06-13
   days on market $195,000 Active 33 DOM
6. 2026-06-09
   days on market $195,000 Active 29 DOM
7. 2026-06-08
   days on market $195,000 Active 28 DOM
8. 2026-06-07
   days on market $195,000 Active 27 DOM
9. 2026-06-04
   days on market $195,000 Active 24 DOM
10. 2026-06-03
    pricedays on market $195,000 Active 23 DOM
11. 2026-06-02
    days on market $210,000 Active 22 DOM
12. 2026-06-01
    days on market $210,000 Active 21 DOM
13. 2026-05-31
    days on market $210,000 Active 20 DOM
14. 2026-05-08
    listed $210,000 Active 784-char remark

    Show marketing remark (784 chars)

    Opportunity knocks! This spacious home sits on nearly an acre lot next to the local airport, offering a unique sense of privacy and open space that?s hard to find in town. Inside, you?ll find great potential featuring a large family room with a cozy gas fireplace, some original hardwood floors, as well as main floor laundry & flex room perfect for an office or hobby space. The tuck under 2-car garage is complemented by an additional 24x30 2+ car detached garage, giving you tons of room for vehicles, toys, tools, or storage. Updates include a newer furnace & garage roof, plus the convenience of city sewer while still enjoying well water. This home does need TLC, but offers an excellent sweat equity opportunity in the heart of Osceola. Schedule your showing today!

15. 2026-05-08
    listed $210,000 Active 784-char remark

    Show marketing remark (784 chars)

    Opportunity knocks! This spacious home sits on nearly an acre lot next to the local airport, offering a unique sense of privacy and open space that?s hard to find in town. Inside, you?ll find great potential featuring a large family room with a cozy gas fireplace, some original hardwood floors, as well as main floor laundry & flex room perfect for an office or hobby space. The tuck under 2-car garage is complemented by an additional 24x30 2+ car detached garage, giving you tons of room for vehicles, toys, tools, or storage. Updates include a newer furnace & garage roof, plus the convenience of city sewer while still enjoying well water. This home does need TLC, but offers an excellent sweat equity opportunity in the heart of Osceola. Schedule your showing today!

ⓘ 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: $2,958 · $246/mo
• Projected year-2 tax: $3,283 · $274/mo
• Expected delta: +$325/yr (+$27/mo · 11.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 3/10 Moderate FEMA zone X (unshaded) · 20% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 2/10 Low 7 d/yr ≥100°F today · 14 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $25,499
• − Mortgage interest: −$10,923
• − Property taxes: −$2,958
• − Insurance: −$975
• − Repairs & maintenance: −$2,040
• − Management: −$2,040
• − Depreciation: −$5,673
• Taxable income: $891
• Est. tax owed @ 24.0%: −$214
• After-tax cash flow: $3,727/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: Osceola School District
• NCES district ID: 5511160
• Math proficiency: 54% ▼ -5.00%
• Reading proficiency: 46% ▼ -6.00%
• Median HH income: $61,118
• Composite: 43.89/100
• National rank: #2917
• State rank: #51 of 342 in WI

Livability — Osceola

• Score: 69/100
• State rank: #318
• US rank: #8210

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Osceola, WI
• Population (ZIP): 7,729

Population outlook (Polk County) Hauer SSP2

• Today (2025): 41,581 people
• By 2030: 40,019 · -3.8%
• By 2040: 36,152 · -13.1%
• By 2050: 31,823 · -23.5%
• By 2075: 24,193 · -41.8%
• By 2100: 18,586 · -55.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (94%)
• Race & ethnicity: White 94% Two or more races 5% Hispanic / Latino 2%
• Common ancestry: Portuguese 14% Lithuanian 6% Scottish 3%
• Foreign-born: 0%

Political lean MEDSL · Polk

• 2024 margin: Solid R (+30.9) · D 33.9% · R 64.8% · Other 1.2%
• 2008→2024 swing: -29.1pp toward R · 2008: -1.8pp · 2024: -30.9pp
• All cycles: 2024: R+30.9 2020: R+27.5 2016: R+27.8 2012: R+9.0 2008: R+1.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -105.06%
• Current HPI: 208.8574
• 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

+0.0% since first listed

2 events — show timeline

• 2026-05-08 Listed $210,000 WWRA
• 2026-05-08 Listed $210,000 NORTHSTARMLS as Distributed by MLS Grid

Property tax history

-1.2%/yr

Latest (2025): $2,958 · +10.4% YoY. Source: county tax records.