3718 N 7th St · Milwaukee, WI 53212

$73,200

4 bd · 2.0 ba · 1,703 sqft · SingleFamily public records · 10 Days on market

Built 1900 4,356 sqft lot

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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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• 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

Spacious 4 bedroom, 2 bathroom home featuring a side driveway and two porches. Formal dining room and hardwood floors throughout. This is a great investment opportunity!

Key facts

• 4,356 sq ft lot
• Built 1900
• Listed 10 days

Property features AI

Exterior

• Utilities: Municipal water; Municipal sewer
• Home design: Single-family, 1-story home; Estimated living area in the 1501–1750 sq. ft. range; Year built information from assessor/public record
• Construction: Aluminum/steel and vinyl exterior materials
• Exterior features: Aluminum and vinyl exterior; Lot less than 1/2 acre (approximately 0.1 acre); Zoned RT4

Interior

• Kitchen: Kitchen dimensions 10 x 10
• Bedrooms: Master bedroom on the main level (10 x 10); Living room dimensions listed as 10 x 10
• Bathrooms: 2 full bathrooms
• Heating & cooling: Forced air heating; Natural gas heating
• Interior features: Full basement; Living room on the main level; Kitchen on the main level

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $73k.

Deal economics

• At list price, monthly cash flow is $638 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $73k).
• Cap rate 16.8% 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 (+5.0%/yr); 129 active listings in the ZIP; 10 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).
• This rent runs 39% of the median local income ($47k/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 $506 of loan paydown is wiped out by about $2k 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 + 5.0% rent growth), your $20k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• Only 10 days on market — expect competitive offers; lowballing is unlikely to land.
• 3 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 $7k; list at $73k implies a 910% 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 $73,200

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. 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?
4. 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?
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: 2.08% ✓
• Cap rate: 16.76%
• Cash-on-cash: 37.37%
• DSCR: 2.66
• GRM: 4.0

CMA / ARV

• ARV (on-the-fly): $194,142
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3783 N 9th St	0.18mi	4/2.0	1,562 (-8%)	2mo	$220,000	$141	76
3766 N Vel R Phillips Ave	0.25mi	4/3.0	1,621 (-5%)	4mo	$129,000	$80	73
3700 N 14th St	0.44mi	5/2.0 (+1)	1,611 (-5%)	2mo	$205,000	$127	64
3512 N 15th St	0.54mi	3/2.0 (-1)	1,750 (+3%)	2mo	$201,000	$115	63
3713 N 15th St	0.53mi	3/2.0 (-1)	1,750 (+3%)	4mo	$170,000	$97	62
3206 N 12th St	0.65mi	4/1.0	1,710 (+0%)	3mo	$25,800	$15	62
3927 N 16th St	0.64mi	4/2.0	1,755 (+3%)	4mo	$161,900	$92	62
3279 N Dr William Finlayson St	0.47mi	4/2.0	1,504 (-12%)	1mo	$202,500	$135	58
3234 N Achilles St	0.72mi	4/1.5	1,645 (-3%)	1mo	$105,000	$64	58
3230 N 12th St	0.62mi	5/1.0 (+1)	1,762 (+4%)	4mo	$140,000	$79	53
402 W Melvina St	0.33mi	5/2.0 (+1)	1,948 (+14%)	4mo	$223,137	$115	52
4158 N 15th St	0.74mi	3/1.5 (-1)	1,785 (+5%)	4mo	$204,000	$114	48

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 · 5.0% rent growth · sell at horizon

5-year hold

• IRR: 35.7%
• Equity multiple: 2.56×
• Total profit: $31,986
• Equity at exit: $10,914

10-year hold

• IRR: 43.6%
• Equity multiple: 5.58×
• Total profit: $93,833
• Equity at exit: $6,329

Cash invested: $20,496 (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 53212

• Rents YoY: 5.0%
• Active inventory: 129
• Price-to-rent: 4.0×

Monthly cashflow live

• Estimated rent: $1,525 high
• Mortgage (P&I): −$384
• Tax from tax record: −$152 /mo · $1,829/yr
• Insurance: −$30
• HOA: −$0
• Vacancy / Maint / Mgmt: −$320
• Net cashflow: $638

Break-even live

Break-even rent $717

Max offer price $73,200

Occupancy floor 53%

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: $18,300
• Closing costs: $2,196
• Reserves months: —
• Total cash needed: —

Rent comps 10 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
312 E Townsend St Unit 312 Milwaukee, WI	3.0	1.0	1400	$1,250	$0.89	23d	1	0.68mi
3416 N 17th St Unit 1 Milwaukee, WI	3.0	1.0	1200	$1,100	$0.92	43d	1	0.72mi
3045 N 11th St #3047 Milwaukee, WI	3.0	1.0	1065	$1,175	$1.10	4d	1	0.82mi
223 E Burleigh St Unit 223 Milwaukee, WI	4.0	1.0	1153	$1,395	$1.21	43d	1	0.89mi
3042 N Palmer St #5 Milwaukee, WI	3.0	1.0	1718	$1,050	$0.61	23d	1	0.91mi
2106A W Keefe Ave Unit 2106 Lower Milwaukee, WI	3.0	1.0	1300	$1,100	$0.85	17d	1	1.01mi
2116 W Atkinson Ave Unit A Milwaukee, WI	4.0	1.0	1707	$2,000	$1.17	1d	1	1.10mi
3388 N 27th St Unit 3388 Front House Milwaukee, WI	4.0	1.0	1212	$1,550	$1.28	4d	1	1.44mi
2772 N Bremen St #2774 Milwaukee, WI	3.0	1.0	1500	$1,795	$1.20	43d	1	1.46mi
2704 W Concordia Ave Unit Na Milwaukee, WI	5.0	2.0	1856	$2,500	$1.35	23d	1	1.49mi

Listing history 8 events

1. 2026-06-18
   days on market $73,200 Active 10 DOM
2. 2026-06-17
   days on market $73,200 Active 9 DOM
3. 2026-06-16
   days on market $73,200 Active 8 DOM
4. 2026-06-15
   days on market $73,200 Active 7 DOM
5. 2026-06-13
   days on market $73,200 Active 5 DOM
6. 2026-06-13
   days on market $73,200 Active 4 DOM
7. 2026-06-08
   remarks 263-char remark
8. 2026-06-08
   listed $73,200 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: $1,829 · $152/mo
• Projected year-2 tax: $1,829 · $152/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 3/10 Moderate 3 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $18,306
• − Mortgage interest: −$4,100
• − Property taxes: −$1,829
• − Insurance: −$366
• − Repairs & maintenance: −$1,464
• − Management: −$1,464
• − Depreciation: −$2,129
• Taxable income: $6,952
• Est. tax owed @ 24.0%: −$1,668
• After-tax cash flow: $5,992/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): 28,938
• Household income: $47,298
• Rent vs Own: 65.6% rent · 34.4% own
• Severe rent burden: 2397.0

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: Diverse neighborhood (Simpson 0.64)
• Race & ethnicity: Black 48% White 35% Hispanic / Latino 12% Two or more races 9%
• Hispanic origin (detail): Mexican 4% Puerto Rican 6%
• Common ancestry: Romanian 4% Portuguese 2% Italian 2%
• Foreign-born: 2% · Canada
• Languages at home: 92% English-only · Spanish 6%

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: ▼ -216.73%
• Current HPI: 385.8225
• Rent YoY: ▲ 5.00%
• 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

+266.0% since first listed

14 events — show timeline

• 2026-06-08 Listed $73,200 METROMLS
• 2019-04-12 Sold (MLS) $7,250 METROMLS
• 2019-03-06 Pending — METROMLS
• 2019-02-08 Price Changed $17,500 METROMLS
• 2019-01-09 Listed $20,400 METROMLS
• 2013-02-02 Listing Removed — METROMLS
• 2013-02-02 Listed $85,000 METROMLS
• 2007-05-01 Sold (Public Records) $79,900 Public Records
• 2007-04-20 Sold (MLS) $79,900 METROMLS
• 2006-09-22 Sold (MLS) $34,900 METROMLS
• 2003-02-06 Sold (Public Records) $70,000 Public Records
• 1999-11-19 Sold (Public Records) $17,500 Public Records
• 1996-04-01 Sold (Public Records) $20,000 Public Records
• 1996-02-01 Sold (Public Records) $20,000 Public Records

Property tax history

-2.9%/yr

Latest (2024): $1,829 · -51.6% YoY. Source: county tax records.