243 Maple St · Redgranite, WI 54970

$95,000

6 bd · 4.0 ba · 1,233 sqft · Other · 31 Days on market

Built 1920 3,049 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
• DSCR +10.0/10.0
• 1% rule +8.1/10.0
• ARV discount +7.5/15.0
• Livability +3.4/5.0
• Appreciation +3.3/10.0
• Schools +2.7/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks

2-story duplex on a corner lot in a great location close to parks, downtown, swimming hole, shopping, and more?most within walking distance. Lower unit is tenant occupied and currently being updated, offering immediate rental income with added value potential. Upper unit is move-in ready, and recently remodeled. Property features separate heat and electric for each unit plus two water heaters. One water heater is currently not working, but seller is willing to replace prior to closing for the new owner. Great opportunity for owner-occupants or investors alike.

Key facts

• Move-in ready
• Tenant occupied
• Walking distance

Tags

• CORNER LOT
• WALKING DISTANCE
• TENANT OCCUPIED
• IMMEDIATE RENTAL INCOME
• ADDED VALUE POTENTIAL
• MOVE-IN READY

Property features AI

Finance

• Other: Two-unit building (Unit 1 approx. 749, Unit 2 approx. 484); Lot size approximately 0.07 acre (< 1/2 acre)

Exterior

• Parking: Outdoor parking
• Utilities: Municipal water; Municipal sewer; Individual utility control for each unit; Separate electric meters; Separate gas meters
• Home design: Multi-family property; Combination of 1.5-story and bi-level design; Residential zoning
• Construction: Assessor/public record for year built
• Exterior features: Vinyl exterior

Interior

• Kitchen: Unit 2 kitchen (approx. 10 x 14)
• Bedrooms: Unit 1 has 2 bedrooms; Unit 2 has 1 bedroom
• Bathrooms: Unit 1 has 1 full bathroom; Unit 2 has 1 full bathroom
• Heating & cooling: Forced air heating; Heat sources: Electric and Natural Gas
• Interior features: Crawl space with stone foundation

What this means for you Summary

Snapshot

• This is a 6-bed/4.0-bath other listed at $95k.

Deal economics

• At list price, monthly cash flow is $369 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $95k).
• Recommended offer: $92k (3.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 67/100 on livability (#441 in WI) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A-; Watch: schools F, amenities F, commute F.
• Wautoma Area School District (rural): math 31% / reading 32% proficiency, ranked #265 of 342 in WI (top 78%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 18 active listings in the ZIP; 127 units permitted in Waushara County in 2024 (15 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $657 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Waushara County population projected at -25% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $27k 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 ($92k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $15k; list at $95k implies a 533% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

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

Recommended offer $92,150 (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 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. 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?
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: 1.31% ✓
• Cap rate: 10.96%
• Cash-on-cash: 16.66%
• DSCR: 1.74
• GRM: 6.4

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: 7.8%
• Equity multiple: 1.31×
• Total profit: $8,118
• Equity at exit: $14,165

10-year hold

• IRR: 17.1%
• Equity multiple: 2.40×
• Total profit: $37,325
• Equity at exit: $8,214

Cash invested: $26,600 (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 54970

• Home prices YoY: -1.4%
• Active inventory: 18
• Price-to-rent: 6.4×

Monthly cashflow live

• Estimated rent: $1,245 medium
• Mortgage (P&I): −$498
• Tax from tax record: −$76 /mo · $916/yr
• Insurance: −$40
• HOA: −$0
• Vacancy / Maint / Mgmt: −$261
• Net cashflow: $369

Break-even live

Break-even rent $777

Max offer price $95,000

Occupancy floor 65%

Sensitivity live

Price	-10% $423	-5% $396	+0% $369	+5% $342	+10% $316
Rent	-10% $271	-5% $320	+0% $369	+5% $418	+10% $468
Rate	-1.0pp $417	-0.5pp $393	base $369	+0.5pp $345	+1.0pp $320

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: $23,750
• Closing costs: $2,850
• Reserves months: —
• Total cash needed: —

Listing history 22 events

1. 2026-06-21
   days on market $95,000 Active 31 DOM
2. 2026-06-21
   days on market $95,000 Active 30 DOM
3. 2026-06-18
   days on market $95,000 Active 28 DOM
4. 2026-06-17
   days on market $95,000 Active 27 DOM
5. 2026-06-16
   days on market $95,000 Active 26 DOM
6. 2026-06-15
   days on market $95,000 Active 25 DOM
7. 2026-06-15
   days on market $95,000 Active 24 DOM
8. 2026-06-13
   days on market $95,000 Active 23 DOM
9. 2026-06-12
   days on market $95,000 Active 22 DOM
10. 2026-06-09
    days on market $95,000 Active 19 DOM
11. 2026-06-08
    days on market $95,000 Active 18 DOM
12. 2026-06-08
    days on market $95,000 Active 17 DOM
13. 2026-06-05
    days on market $95,000 Active 15 DOM
14. 2026-06-04
    days on market $95,000 Active 14 DOM
15. 2026-06-03
    days on market $95,000 Active 13 DOM
16. 2026-06-02
    days on market $95,000 Active 12 DOM
17. 2026-06-01
    days on market $95,000 Active 11 DOM
18. 2026-05-31
    days on market $95,000 Active 10 DOM
19. 2026-05-21
    listed $95,000 Active
20. 2009-05-20
    soldstatus $15,000
21. 2004-10-01
    soldstatus $37,500
22. 2001-08-16
    soldstatus $42,000

ⓘ 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: $916 · $76/mo
• Projected year-2 tax: $1,337 · $111/mo
• Expected delta: +$421/yr (+$35/mo · 45.9%)

ⓘ 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 3/10 Moderate
• 🌡 Heat 2/10 Low 7 d/yr ≥99°F today · 13 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $14,938
• − Mortgage interest: −$5,321
• − Property taxes: −$916
• − Insurance: −$475
• − Repairs & maintenance: −$1,195
• − Management: −$1,195
• − Depreciation: −$2,764
• Taxable income: $3,071
• Est. tax owed @ 24.0%: −$737
• After-tax cash flow: $3,694/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: Wautoma Area School District
• NCES district ID: 5515960
• Math proficiency: 31% ▼ -1.00%
• Reading proficiency: 32% ▼ -4.00%
• Median HH income: $43,083
• Composite: 26.79/100
• National rank: #7125
• State rank: #265 of 342 in WI

Livability — Redgranite

• Score: 67/100
• State rank: #441
• US rank: #11150

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Redgranite, WI
• Population (ZIP): 3,916

Population outlook (Waushara County) Hauer SSP2

• Today (2025): 22,669 people
• By 2030: 21,697 · -4.3%
• By 2040: 19,329 · -14.7%
• By 2050: 17,051 · -24.8%
• By 2075: 13,928 · -38.6%
• By 2100: 11,483 · -49.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (79%)
• Race & ethnicity: White 79% Black 9% Two or more races 6% Hispanic / Latino 5% Native American 1%
• Common ancestry: Romanian 9% Portuguese 5% Lithuanian 3%
• Foreign-born: 2% · Canada
• Languages at home: 94% English-only · Spanish 5%

Political lean MEDSL · Waushara

• 2024 margin: Solid R (+35.2) · D 31.8% · R 67.0% · Other 1.1%
• 2008→2024 swing: -36.0pp toward R · 2008: 0.8pp · 2024: -35.2pp
• All cycles: 2024: R+35.2 2020: R+34.1 2016: R+32.3 2012: R+10.2 2008: D+0.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -3.34%
• Current HPI: 231.7804
• 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

+126.2% since first listed

4 events — show timeline

• 2026-05-21 Listed $95,000 RANW
• 2009-05-20 Sold (Public Records) $15,000 Public Records
• 2004-10-01 Sold (Public Records) $37,500 Public Records
• 2001-08-16 Sold (Public Records) $42,000 Public Records

Property tax history

+1.5%/yr

Latest (2024): $916 · +1.5% YoY. Source: county tax records.