335 S Main St · Fond du Lac, WI 54935

$144,900

5 bd · 2.0 ba · 1,912 sqft · SingleFamily · 31 Days on market

Built 1890 4,356 sqft lot Est $216k · 33% under

---

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 +24.0/30.0
• ARV discount +15.0/15.0
• DSCR +7.7/10.0
• 1% rule +6.8/10.0
• Rent growth +5.0/5.0
• Livability +3.7/5.0
• Schools +2.8/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Opportunity awaits you in this 5bed 2 full bath 2 story home with over 1900 sq ft on Main St! This home features a value packed floorplan with many bedrooms, floorplan versatility, and space! Main level Den room has a full bathroom built into the room. Kitchen in the rear, large foyer, dining room with built ins. Classic hardwood floors, doors, and trim throughout! Half of the roof is newer, newer furnace and A/C, hot water heater, plumbing, some painting, Windows, garage exterior recently redone. This home will require TLC and is not going to pass for FHA, VA, type loan financing. 2 car det garage, shared driveway.

Key facts

• Kitchen in the rear
• Large foyer
• Main level den room

Tags

• MAIN LEVEL DEN ROOM
• KITCHEN IN THE REAR
• LARGE FOYER
• DINING ROOM WITH BUILT INS
• CLASSIC HARDWOOD FLOORS
• NEWER FURNACE AND A/C

Property features AI

Finance

• Other: Some personal items excluded by seller; garage heater and garage refrigerator may be negotiable; Inclusions list: stove/oven, refrigerator, washer, dryer, basement large freezer, workbench in garage, foyer buffet cabinet

Exterior

• Parking: Detached 2-car garage; Total of 2 garage parking spaces; Workbench in garage
• Utilities: Municipal water; Municipal sewer
• Home design: Two-story single-family home; Information source: Assessor/Public Record; Zoned residential
• Construction: Built (year from public records)
• Exterior features: Lot size less than 1/2 acre (approx. 0.1 acre); Exterior described as Other

Interior

• Kitchen: Kitchen on main level approximately 12 x 11; Includes stove/oven and refrigerator
• Bedrooms: Master bedroom (upper) approximately 15 x 10; Bedroom 2 (upper) approximately 11 x 9; Bedroom 3 (upper) approximately 14 x 9; Bedroom 4 (upper) approximately 10 x 10; Bedroom 5 (upper) approximately 11 x 9
• Bathrooms: Two full bathrooms
• Heating & cooling: Central air; Forced air heating; Natural gas heat
• Interior features: Foyer with buffet cabinet; Den/office on main level
• Laundry & utility: Washer and dryer included; Basement with large freezer (basement described as full, stone)

What this means for you Summary

Snapshot

• This is a 5-bed/2.0-bath single-family listed at $145k.

Deal economics

• At list price, monthly cash flow is $284 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $145k).
• Recommended offer: $141k (3.0% below list) — sets the bar for market timing.
• Cap rate 8.6% vs local median 2.6% in Fond du Lac — 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 74/100 on livability (#170 in WI, #4,627 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: employment C-, crime D, amenities F.
• Fond Du Lac School District (urban): math 34% / reading 31% proficiency, ranked #255 of 342 in WI (top 75%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Fond Du Lac High (math 34% / reading 39%, grade F, #137 of 483 statewide, top 28%, 2,006 students, 41% FRL) — zoned schools at 41% FRL track the district average.
• Market conditions: Rents rising fast (+11.2%/yr); 155 active listings in the ZIP; 154 units permitted in Fond du Lac County in 2024 (0 in 5+ unit buildings).
• This rent runs 33% of the median local income ($63k/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 $1k of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Fond du Lac County population projected to shrink 7% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (-3.0% appreciation + 8.0% rent growth), your $41k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 31 days — a 3% lower offer ($141k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts 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 $97k; 50% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1890 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $140,553 (3.0% below list)

Questions for the listing agent

1. It's been on market 31 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 1890 — 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. Crime grade is D 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: 1.18% ✓
• Cap rate: 8.64%
• Cash-on-cash: 8.40%
• DSCR: 1.37
• GRM: 7.0

CMA / ARV

• ARV (on-the-fly): $216,056
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
490 Morris St	0.47mi	5/1.0	1,911 (-0%)	5mo	$117,500	$61	70
262 Linden St	0.16mi	4/2.0 (-1)	1,729 (-10%)	3mo	$244,900	$142	69
227 4th St	0.51mi	4/2.0 (-1)	1,984 (+4%)	3mo	$218,000	$110	62
41 E 9th St	0.07mi	4/1.0 (-1)	1,690 (-12%)	11mo	$201,001	$119	59
231 Gillett St	0.68mi	5/2.0	2,040 (+7%)	2mo	$189,000	$93	56
380 Cedar St	0.44mi	4/1.5 (-1)	1,680 (-12%)	4mo	$148,000	$88	49
358 Lloyd St	0.60mi	4/1.0 (-1)	1,735 (-9%)	2mo	$219,900	$127	46
291 15th St	0.70mi	4/2.0 (-1)	1,728 (-10%)	1mo	$225,000	$130	45
355 Salem Ave	0.70mi	4/2.0 (-1)	2,062 (+8%)	9mo	$200,000	$97	41
48 Woodland Ave	0.61mi	4/2.5 (-1)	2,154 (+13%)	5mo	$325,000	$151	39
299 4th St	0.63mi	4/1.0 (-1)	2,072 (+8%)	12mo	$225,000	$109	38
149 Hamilton Pl	0.66mi	4/3.0 (-1)	1,684 (-12%)	7mo	$190,000	$113	35

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: 2.3%
• Equity multiple: 1.09×
• Total profit: $3,749
• Equity at exit: $21,605

10-year hold

• IRR: 16.4%
• Equity multiple: 2.68×
• Total profit: $68,127
• Equity at exit: $12,528

Cash invested: $40,572 (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 54935

• Rents YoY: 11.2%
• Active inventory: 155
• Price-to-rent: 7.0×

Monthly cashflow live

• Estimated rent: $1,717 medium
• Mortgage (P&I): −$760
• Tax from tax record: −$252 /mo · $3,023/yr
• Insurance: −$60
• HOA: −$0
• Vacancy / Maint / Mgmt: −$360
• Net cashflow: $284

Break-even live

Break-even rent $1,357

Max offer price $144,900

Occupancy floor 78%

Sensitivity live

Price	-10% $366	-5% $325	+0% $284	+5% $243	+10% $202
Rent	-10% $148	-5% $216	+0% $284	+5% $352	+10% $420
Rate	-1.0pp $357	-0.5pp $321	base $284	+0.5pp $246	+1.0pp $208

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: $36,225
• Closing costs: $4,347
• Reserves months: —
• Total cash needed: —

Listing history 21 events

1. 2026-06-19
   days on market $144,900 Active 31 DOM
2. 2026-06-18
   days on market $144,900 Active 30 DOM
3. 2026-06-17
   days on market $144,900 Active 29 DOM
4. 2026-06-16
   days on market $144,900 Active 28 DOM
5. 2026-06-16
   price $144,900 Active 27 DOM
6. 2026-06-15
   days on market $149,900 Active 27 DOM
7. 2026-06-14
   days on market $149,900 Active 25 DOM
8. 2026-06-12
   days on market $149,900 Active 24 DOM
9. 2026-06-09
   days on market $149,900 Active 21 DOM
10. 2026-06-08
    days on market $149,900 Active 20 DOM
11. 2026-06-07
    days on market $149,900 Active 19 DOM
12. 2026-06-05
    days on market $149,900 Active 16 DOM
13. 2026-06-03
    days on market $149,900 Active 15 DOM
14. 2026-06-02
    days on market $149,900 Active 14 DOM
15. 2026-06-01
    days on market $149,900 Active 13 DOM
16. 2026-05-31
    days on market $149,900 Active 12 DOM
17. 2026-05-30
    days on market $149,900 Active 11 DOM
18. 2026-05-18
    listed $149,900 Active

    Show marketing remark (623 chars)

    Opportunity awaits you in this 5bed 2 full bath 2 story home with over 1900 sq ft on Main St! This home features a value packed floorplan with many bedrooms, floorplan versatility, and space! Main level Den room has a full bathroom built into the room. Kitchen in the rear, large foyer, dining room with built ins. Classic hardwood floors, doors, and trim throughout! Half of the roof is newer, newer furnace and A/C, hot water heater, plumbing, some painting, Windows, garage exterior recently redone. This home will require TLC and is not going to pass for FHA, VA, type loan financing. 2 car det garage, shared driveway.

19. 2026-05-18
    listed $149,900 Active 623-char remark

    Show marketing remark (623 chars)

    Opportunity awaits you in this 5bed 2 full bath 2 story home with over 1900 sq ft on Main St! This home features a value packed floorplan with many bedrooms, floorplan versatility, and space! Main level Den room has a full bathroom built into the room. Kitchen in the rear, large foyer, dining room with built ins. Classic hardwood floors, doors, and trim throughout! Half of the roof is newer, newer furnace and A/C, hot water heater, plumbing, some painting, Windows, garage exterior recently redone. This home will require TLC and is not going to pass for FHA, VA, type loan financing. 2 car det garage, shared driveway.

20. 2025-11-18
    soldstatus $96,770
21. 2023-08-03
    soldstatus $63,302

ⓘ 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: $3,023 · $252/mo
• Projected year-2 tax: $3,023 · $252/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 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $20,600
• − Mortgage interest: −$8,117
• − Property taxes: −$3,023
• − Insurance: −$724
• − Repairs & maintenance: −$1,648
• − Management: −$1,648
• − Depreciation: −$4,215
• Taxable income: $1,224
• Est. tax owed @ 24.0%: −$294
• After-tax cash flow: $3,114/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: Fond Du Lac School District
• NCES district ID: 5504680
• Math proficiency: 34% ▼ -8.00%
• Reading proficiency: 31% ▼ -6.00%
• Median HH income: $50,125
• Composite: 28.31/100
• National rank: #6786
• State rank: #255 of 342 in WI

Livability — Fond du Lac

• Score: 74/100
• State rank: #170
• US rank: #4627

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Fond du Lac, WI
• County: Fond du Lac County · 41,613 people
• City population: 41,613
• Metro: Fond du Lac, WI
• Population (ZIP): 41,613
• Household income: $63,144
• Rent vs Own: 40.5% rent · 59.5% own
• Severe rent burden: 1157.0

Population outlook (Fond du Lac County) Hauer SSP2

• Today (2025): 102,433 people
• By 2030: 101,594 · -0.8%
• By 2040: 98,503 · -3.8%
• By 2050: 95,039 · -7.2%
• By 2075: 90,551 · -11.6%
• By 2100: 87,819 · -14.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (82%)
• Race & ethnicity: White 82% Hispanic / Latino 9% Two or more races 6% Asian 3% Black 3%
• Hispanic origin (detail): Mexican 5%
• Common ancestry: Romanian 5% Lithuanian 4% Portuguese 3%
• Foreign-born: 5% · Canada, China
• Languages at home: 92% English-only · Spanish 5% Chinese 1% Other Asian/Pacific 1%

Political lean MEDSL · Fond du Lac

• 2024 margin: Strong R (+28.7) · D 35.1% · R 63.8% · Other 1.1%
• 2008→2024 swing: -19.7pp toward R · 2008: -9.0pp · 2024: -28.7pp
• All cycles: 2024: R+28.7 2020: R+26.5 2016: R+26.7 2012: R+15.0 2008: R+9.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -178.76%
• Current HPI: 205.5097
• Rent YoY: ▲ 11.15%
• Metro: Fond du Lac, 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

+136.8% since first listed

4 events — show timeline

• 2026-05-18 Listed $149,900 RANW
• 2026-05-18 Listed $149,900 METROMLS
• 2025-11-18 Sold (Public Records) $96,770 Public Records
• 2023-08-03 Sold (Public Records) $63,302 Public Records

Property tax history

+7.0%/yr

Latest (2025): $3,023 · +35.1% YoY. Source: county tax records.