N3536 21st Dr · Marquette, WI 53949

$49,900

3 bd · 1.0 ba · 1,056 sqft · SingleFamily · 7 Days on market

Built 1996 Good condition

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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
• Condition / age +3.8/5.0
• Livability +2.9/5.0
• Schools +2.6/10.0
• Rent growth +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

3 Bed - 1 Bath (1996) - 66x16 Mobile Home in Duck Inn Mobile Park with Access to Lake Puckaway. Some Updates Include; Furnace, AC, Roof, Deck, Shed, Plumbing Under Sinks, Shower, and Flooring. Just needs your finishing touches to make it your own. Make this your Year-Round Home or Perfect Weekend Getaway! 9x18 Deck For Entertaining & 10x28 Shed! This Location Offers You The Convenience of Stores and a Variety of Restaurants Close By. Short Drive To Princeton and Montello. Golf Carts Allowed, ATV Routes and Snowmobile Routes. Park Approval Required. AS-IS

Key facts

• Ac
• Roof
• Shed

Tags

• ACCESS TO LAKE PUCKAWAY
• FURNACE
• AC
• ROOF
• DECK
• SHED

Property features AI

Finance

• Other: Estimated finished above-grade area approximately 1,056 (estimate range 1,001–1,250)
• Financial info: Property sold/offered AS-IS; Everything in home and on property included
• HOA & community: No HOA information provided

Exterior

• Parking: No parking details provided
• Security: No security details provided
• Utilities: Shared well water; Private septic system; Electric service (standard, not specifically listed)
• Home design: Single-family property; Single story (main level living); Zoned RES
• Construction: No year-built or detailed construction materials provided
• Exterior features: Vinyl exterior; Deck; Storage building; Deeded lake access to Puckaway (no frontage)

Interior

• Kitchen: Range/Oven; Refrigerator; 13 x 14 kitchen (main level)
• Bedrooms: Master bedroom (main level) — 12 x 12; Bedroom 2 (main level) — 9 x 11; Bedroom 3 (main level) — 8 x 10
• Flooring: No flooring details provided
• Bathrooms: Master full bathroom with walk-in shower; One full bathroom total
• Heating & cooling: Forced air heating; Central air conditioning; LP gas fuel
• Interior features: Open living area with main-level living room; Breakfast bar in the kitchen; Deck
• Laundry & utility: No specific laundry details provided

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $50k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $459 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $50k).

Location & tenants

• Location reads 57/100 on livability (#747 in WI) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing A+; Watch: amenities F, commute F, employment F.
• Montello School District (rural): math 29% / reading 31% proficiency, ranked #280 of 342 in WI (top 82%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Forest Lane Community School (math 52% / reading 42%, grade D-, #319 of 1,041 statewide, top 34%, 268 students, 47% FRL); Montello Junior/Senior High (math 17% / reading 22%, grade F, #385 of 483 statewide, top 82%, 256 students, 46% FRL) — zoned schools at 47% FRL track the district average.
• Market conditions: 81 active listings in the ZIP; 95 units permitted in Marquette County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $345 of loan paydown is wiped out by about $1k of value loss. Plan a longer hold.
• Marquette 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 $14k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• Only 7 days on market — expect competitive offers; lowballing is unlikely to land.

Recommended offer $49,900

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. 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?
3. 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.
4. 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.
5. 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: 2.04% ✓
• Cap rate: 17.34%
• Cash-on-cash: 39.45%
• DSCR: 2.76
• GRM: 4.1

CMA / ARV

• ARV (on-the-fly): $232,320
• Comps found: 3

Show comp detail 3 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
N3571 E Tomahawk Trl	0.67mi	2/1.0 (-1)	960 (-9%)	3mo	$214,000	$223	47
N3436 W Tomahawk Trl	0.65mi	3/2.0	1,180 (+12%)	11mo	$215,000	$182	37
N3431 W Tomahawk Trl	0.66mi	2/1.0 (-1)	900 (-15%)	13mo	$198,000	$220	28

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 35.7%
• Equity multiple: 2.52×
• Total profit: $21,182
• Equity at exit: $7,440

10-year hold

• IRR: 42.5%
• Equity multiple: 5.02×
• Total profit: $56,175
• Equity at exit: $4,314

Cash invested: $13,972 (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 53949

• Home prices YoY: -26.8%
• Active inventory: 81
• Price-to-rent: 4.1×

Monthly cashflow live

• Estimated rent: $1,018 medium
• Mortgage (P&I): −$262
• Tax est. 1.5%: −$62 /mo · $748/yr
• Insurance: −$21
• HOA: −$0
• Vacancy / Maint / Mgmt: −$214
• Net cashflow: $459

Break-even live

Break-even rent $437

Max offer price $49,900

Occupancy floor 50%

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: $12,475
• Closing costs: $1,497
• Reserves months: —
• Total cash needed: —

Listing history 4 events

1. 2026-06-02
   statusdays on market $49,900 Pending 7 DOM
2. 2026-06-01
   days on market $49,900 Active 6 DOM
3. 2026-05-31
   days on market $49,900 Active 5 DOM
4. 2026-05-26
   listed $49,900 Active

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Taxation est. · year 1

• Rental income: $12,215
• − Mortgage interest: −$2,795
• − Property taxes: −$748
• − Insurance: −$250
• − Repairs & maintenance: −$977
• − Management: −$977
• − Depreciation: −$1,452
• Taxable income: $5,016
• Est. tax owed @ 24.0%: −$1,204
• After-tax cash flow: $4,308/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.

Condition & rehab AI · 13 photos

Good 75/100 Cosmetic rehab

This mobile home is in good condition with recent updates, making it a good candidate for a cosmetic rehab to enhance its curb appeal and value.

Value-add opportunities

• Resale Paint the exterior siding — Fresh paint can enhance the curb appeal and make the home look more inviting.
• Both Landscaping improvements — Well-maintained landscaping can increase both the resale and rental value.

Renovation cost estimate screening

Value-add ROI direction

• Resale Paint the exterior siding — Fresh paint can enhance the curb appeal and make the home look more inviting. ↑
• Both Landscaping improvements — Well-maintained landscaping can increase both the resale and rental value. ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Montello School District
• NCES district ID: 5509870
• Math proficiency: 29% ▼ -2.00%
• Reading proficiency: 31% ▬ 0.00%
• Median HH income: $43,960
• Composite: 25.62/100
• National rank: #7408
• State rank: #280 of 342 in WI

Livability — Marquette

• Score: 57/100
• State rank: #747
• US rank: #21850

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• City population: 241
• Population (ZIP): 6,291

Population outlook (Marquette County) Hauer SSP2

• Today (2025): 14,049 people
• By 2030: 13,362 · -4.9%
• By 2040: 11,850 · -15.7%
• By 2050: 10,519 · -25.1%
• By 2075: 8,457 · -39.8%
• By 2100: 7,077 · -49.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (94%)
• Race & ethnicity: White 94% Hispanic / Latino 3% Two or more races 3%
• Common ancestry: Romanian 11% Portuguese 5% Lithuanian 1%
• Foreign-born: 1%
• Languages at home: 98% English-only · German/W. Germanic 1%

Political lean MEDSL · Marquette

• 2024 margin: Strong R (+29.6) · D 34.6% · R 64.2% · Other 1.2%
• 2008→2024 swing: -34.9pp toward R · 2008: 5.3pp · 2024: -29.6pp
• All cycles: 2024: R+29.6 2020: R+27.4 2016: R+24.4 2012: D+4.5 2008: D+5.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -83.86%
• Current HPI: 229.6668
• 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

1 event — show timeline

• 2026-05-26 Listed $49,900 SCWMLS