2034 N 37th St · Milwaukee, WI 53208

$100,000

5 bd · 1.0 ba · 1,663 sqft · SingleFamily public records · 9 Days on market

Built 1902 6,969 sqft lot Est $151k · 34% 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 +5.0/5.0
• Livability +4.0/5.0
• Condition / age +2.5/5.0
• Schools +1.2/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

A great opportunity has arrived, welcome investors! We have a 5 bedroom and 1 bath single family home awaiting its new owner. The property is tenant occupied. Rental fee is $1,150 month-to-month, with a security deposit of $1,750. Call or schedule a showing today!

Key facts

• 6,969 sq ft lot
• Parking
• Built 1902

Property features AI

Exterior

• Parking: 1 parking space
• Utilities: Municipal water; Municipal sewer
• Home design: Two-story single-family home; Year built: public/assessor record
• Construction: Vinyl construction
• Exterior features: Vinyl exterior; Lot under 1/2 acre (approximately 0.16 acre)

Interior

• Kitchen: Kitchen on main level (15 x 12)
• Bedrooms: Main-level primary bedroom (11 x 16); Two additional main-level bedrooms (11 x 7 and 11 x 16); Two upper-level bedrooms (12 x 9 and 12 x 8)
• Bathrooms: Full bath with shower over tub
• Heating & cooling: Forced air heating; Natural gas heating
• Interior features: Cable/satellite available; Full basement

🏷️ Possibly a rental listed for sale. The $100,000 price doesn't fit this home's estimated sale value (~$151,333) 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 $702 ($8k/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 14.7% 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 (+10.8%/yr); 92 active listings in the ZIP; 5 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 40% of the median local income ($53k/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 $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 9 days on market — expect competitive offers; lowballing is unlikely to land.
• 3 sale attempts since 5y 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 $52k; list at $100k implies a 93% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1902 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $100,000

Questions for the listing agent

1. Built in 1902 — 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: 1.77% ✓
• Cap rate: 14.71%
• Cash-on-cash: 30.08%
• DSCR: 2.34
• GRM: 4.7

CMA / ARV

• ARV (on-the-fly): $151,333
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2009 N 37th St	0.05mi	4/1.5 (-1)	1,909 (+15%)	8mo	$159,000	$83	60
2140 N 27th St	0.64mi	4/2.5 (-1)	1,680 (+1%)	1mo	$157,500	$94	57
2420 N 27th St	0.74mi	4/1.0 (-1)	1,668 (+0%)	7mo	$21,000	$13	54
2335 N 44th St	0.56mi	5/2.0	1,811 (+9%)	2mo	$210,000	$116	53
2631 N 40th St	0.69mi	4/1.0 (-1)	1,532 (-8%)	0mo	$156,000	$102	50
1341 N 38th St	0.64mi	5/2.5	1,553 (-7%)	4mo	$240,000	$155	50
2401 N 37th St	0.37mi	4/1.5 (-1)	1,457 (-12%)	8mo	$133,000	$91	48
1515 N 38th St	0.47mi	5/2.0	1,885 (+13%)	5mo	$79,900	$42	48
2424 N 44th St	0.60mi	4/2.0 (-1)	1,813 (+9%)	3mo	$40,000	$22	46
2702 N 38th St	0.75mi	4/2.0 (-1)	1,536 (-8%)	0mo	$162,000	$105	43
2448 N 28th St	0.71mi	4/2.0 (-1)	1,812 (+9%)	2mo	$60,000	$33	41
3615 W Center St	0.72mi	4/2.0 (-1)	1,450 (-13%)	3mo	$81,000	$56	34

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: 30.3%
• Equity multiple: 2.35×
• Total profit: $37,859
• Equity at exit: $14,910

10-year hold

• IRR: 40.3%
• Equity multiple: 5.75×
• Total profit: $133,127
• Equity at exit: $8,646

Cash invested: $28,000 (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 53208

• Home prices YoY: -27.1%
• Rents YoY: 10.8%
• Active inventory: 92
• Price-to-rent: 4.7×

Monthly cashflow live

• Estimated rent: $1,766 high
• Mortgage (P&I): −$524
• Tax from tax record: −$128 /mo · $1,531/yr
• Insurance: −$42
• HOA: −$0
• Vacancy / Maint / Mgmt: −$371
• Net cashflow: $702

Break-even live

Break-even rent $878

Max offer price $100,000

Occupancy floor 55%

Sensitivity live

Price	-10% $758	-5% $730	+0% $702	+5% $674	+10% $645
Rent	-10% $562	-5% $632	+0% $702	+5% $772	+10% $841
Rate	-1.0pp $752	-0.5pp $727	base $702	+0.5pp $676	+1.0pp $650

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: $25,000
• Closing costs: $3,000
• Reserves months: —
• Total cash needed: —

Rent comps 5 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2137 N 47th St Milwaukee, WI	5.0	2.0	1723	$1,850	$1.07	15d	1	0.65mi
2432 N 28th St Milwaukee, WI	5.0	1.5	1876	$1,600	$0.85	44d	1	0.72mi
2478-2480 W Juneau Ave Unit 2478 Milwaukee, WI	4.0	1.0	1375	$1,495	$1.09	24d	1	1.06mi
2308 W Clarke St Milwaukee, WI	4.0	2.0	1545	$1,750	$1.13	24d	1	1.13mi
3123 N 42nd St Milwaukee, WI	4.0	1.0	1500	$1,700	$1.13	24d	1	1.33mi

Listing history 8 events

1. 2026-06-18
   days on market $100,000 Active 9 DOM
2. 2026-06-17
   days on market $100,000 Active 8 DOM
3. 2026-06-16
   days on market $100,000 Active 7 DOM
4. 2026-06-15
   days on market $100,000 Active 6 DOM
5. 2026-06-13
   days on market $100,000 Active 4 DOM
6. 2026-06-13
   days on market $100,000 Active 3 DOM
7. 2026-06-10
   remarks 162-char remark
8. 2026-06-10
   listed $100,000 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: $1,531 · $128/mo
• Projected year-2 tax: $1,691 · $141/mo
• Expected delta: +$159/yr (+$13/mo · 10.4%)

ⓘ 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 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: $21,197
• − Mortgage interest: −$5,602
• − Property taxes: −$1,531
• − Insurance: −$500
• − Repairs & maintenance: −$1,696
• − Management: −$1,696
• − Depreciation: −$2,909
• Taxable income: $7,264
• Est. tax owed @ 24.0%: −$1,743
• After-tax cash flow: $6,678/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): 27,201
• Household income: $52,690
• Rent vs Own: 60.8% rent · 39.2% own
• Severe rent burden: 1568.0

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 0.69)
• Race & ethnicity: Black 41% White 36% Hispanic / Latino 10% Asian 9% Two or more races 6%
• Hispanic origin (detail): Mexican 7% Puerto Rican 2%
• Common ancestry: Romanian 5% Italian 2% Lithuanian 2%
• Foreign-born: 9% · Canada, Philippines
• Languages at home: 84% English-only · Other Asian/Pacific 6% Spanish 6% French/Haitian/Cajun 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: ▼ -123.92%
• Current HPI: 333.7268
• Rent YoY: ▲ 10.78%
• 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

+93.4% since first listed

10 events — show timeline

• 2026-06-09 Listed $100,000 METROMLS
• 2023-01-12 Listing Removed — METROMLS
• 2022-08-17 Listed $75,000 METROMLS
• 2021-12-10 Listing Removed — METROMLS
• 2021-11-15 Price Changed $54,900 METROMLS
• 2021-11-02 Price Changed $59,900 METROMLS
• 2021-10-26 Price Changed $64,900 METROMLS
• 2021-10-14 Listed $69,900 METROMLS
• 2006-11-14 Sold (Public Records) $51,700 Public Records
• 2006-10-30 Sold (MLS) $51,700 METROMLS

Property tax history

-5.6%/yr

Latest (2024): $1,531 · +4.4% YoY. Source: county tax records.