4200 W Bonny Pl · Milwaukee, WI 53216

$90,000

3 bd · 1.0 ba · 852 sqft · SingleFamily public records · 209 Days on market

Built 1920 3,049 sqft lot $106/sqft · 13% below area Est $104k · 13% 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 +29.5/30.0
• ARV discount +13.4/15.0
• DSCR +10.0/10.0
• 1% rule +7.9/10.0
• Appreciation +5.7/10.0
• Rent growth +4.3/5.0
• Livability +4.0/5.0
• Condition / age +2.5/5.0
• Schools +1.2/10.0

Listing remarks MLS

Welcome to this cozy 1.5-story bungalow on Bonny Pl, an excellent opportunity for first-time homebuyers! Featuring 2 bedrooms and 1 bath, this charming single-family home is full of potential and just waiting for its new owner to add their personal touch. Currently tenant-occupied, the home offers a warm layout and comfortable living spaces, making it a fantastic canvas to create the home of your dreams. With its inviting style and promising value, this property is ready to be transformed into something truly special!

Key facts

• 3,049 sq ft lot
• Parking
• Built 1920

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $90k.

Deal economics

• At list price, monthly cash flow is $321 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $90k).
• Recommended offer: $79k (12.0% below list) — sets the bar for market timing.
• Cap rate 10.6% 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 (+7.0%/yr); 126 active listings in the ZIP; 40 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).

Forward outlook

• In year one you build about $2k of equity ($622 loan paydown + $1k appreciation (1.3% local appreciation)).
• Milwaukee County population projected at +4% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (1.3% appreciation + 7.0% rent growth), your $25k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• It's been on market 209 days — a 12% lower offer ($79k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 12y 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 $12k; list at $90k implies a 620% 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 $79,200 (12.0% below list)

Questions for the listing agent

1. It's been on market 209 days. Have you received any prior offers? Is the seller open to a 12% 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. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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?
7. 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.
8. 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.
9. 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: 1.29% ✓
• Cap rate: 10.58%
• Cash-on-cash: 15.30%
• DSCR: 1.68
• GRM: 6.5

CMA / ARV

• ARV (median comp): $103,569
• List price: $90,000
• Delta: -13.10%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 9 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3173 N 41st St	0.09mi	4/1.0 (+1)	920 (+8%)	24mo	$72,000	$78	58
3457 N 46th St	0.43mi	2/1.0 (-1)	821 (-4%)	16mo	$67,000	$82	56
3244 N 40th St	0.14mi	2/1.0 (-1)	748 (-12%)	19mo	$105,000	$140	52
3634 N 49th St	0.61mi	2/1.0 (-1)	810 (-5%)	8mo	$125,000	$154	51
4657 W Medford Ave	0.59mi	2/1.0 (-1)	901 (+6%)	10mo	$70,000	$78	50
3129 N 49th St	0.50mi	3/1.0	767 (-10%)	15mo	$169,000	$220	48
2738 N 45th St	0.65mi	4/1.0 (+1)	800 (-6%)	10mo	$95,000	$119	46
4725 W Fond Du Lac Ave	0.73mi	2/1.5 (-1)	856 (+0%)	19mo	$70,000	$82	42
5132 W Townsend St	0.70mi	2/1.0 (-1)	951 (+12%)	3mo	$165,000	$174	40

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

1.33% appreciation · 7.01% rent growth · sell at horizon

5-year hold

• IRR: 21.0%
• Equity multiple: 2.13×
• Total profit: $28,471
• Equity at exit: $32,272

10-year hold

• IRR: 26.0%
• Equity multiple: 4.63×
• Total profit: $91,563
• Equity at exit: $44,110

Cash invested: $25,200 (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 53216

• Home prices YoY: 0.3%
• Rents YoY: 7.0%
• Active inventory: 126
• Price-to-rent: 6.5×

Monthly cashflow live

• Estimated rent: $1,160 high
• Mortgage (P&I): −$472
• Tax from tax record: −$85 /mo · $1,025/yr
• Insurance: −$38
• HOA: −$0
• Vacancy / Maint / Mgmt: −$244
• Net cashflow: $321

Break-even live

Break-even rent $753

Max offer price $90,000

Occupancy floor 67%

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: $22,500
• Closing costs: $2,700
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3214 N 41st St Milwaukee, WI	2.0	1.0	900	$1,250	$1.39	43d	1	0.10mi
3340 N 44th St Milwaukee, WI	2.0	1.0	900	$1,295	$1.44	12d	1	0.18mi
3148 N 39th St Unit 1 Milwaukee, WI	2.0	1.0	1000	$1,100	$1.10	14d	1	0.24mi
3148 N 39th St Milwaukee, WI	2.0	1.0	1100	$1,100	$1.00	43d	1	0.25mi
4409 W Burleigh St Apt 1 Milwaukee, WI	2.0	1.0	800	$795	$0.99	4d	1	0.26mi
3606 N 41st St Unit 3608 Milwaukee, WI	2.0	1.0	1095	$975	$0.89	43d	1	0.39mi
3072 N 49th St Unit 3072- 3 Milwaukee, WI	2.0	1.0	1000	$950	$0.95	43d	1	0.48mi
3072 N 49th St Milwaukee, WI	2.0	1.0	1000	$950	$0.95	16d	1	0.48mi
3066 N 49th St Unit 3066-5 Milwaukee, WI	2.0	1.0	1100	$950	$0.86	43d	1	0.48mi
3630 W Nash St Milwaukee, WI	2.0	1.0	1000	$1,200	$1.20	23d	1	0.56mi
3890 N Sherman Blvd Milwaukee, WI	2.0	1.0	950	$1,100	$1.16	12d	1	0.68mi
2712 N 44th St Unit 2712A Milwaukee, WI	2.0	1.0	911	$995	$1.09	23d	1	0.68mi
2866 N 34th St Unit 2866 Milwaukee, WI	3.0	1.0	534	$1,095	$2.05	4d	1	0.69mi
2866 N 34th St Unit 2866A Milwaukee, WI	2.0	1.0	534	$895	$1.68	43d	1	0.69mi
5137 W Keefe Ave Unit 5137 Milwaukee, WI	2.0	1.0	1000	$1,550	$1.55	2d	1	0.71mi
2706 N 39th St Unit 2706 Milwaukee, WI	2.0	1.0	866	$845	$0.98	43d	1	0.71mi
3925 N 42nd St Milwaukee, WI	2.0	1.0	985	$1,400	$1.42	23d	1	0.73mi
2663 N 44th St Unit 1 Milwaukee, WI	2.0	1.0	900	$995	$1.11	43d	1	0.74mi
3871-3873 N 36th St Unit 3871 Milwaukee, WI	2.0	1.0	987	$950	$0.96	23d	1	0.76mi
3347 N 29th St Unit 3347A Milwaukee, WI	2.0	1.0	950	$845	$0.89	14d	1	0.82mi
2821 W Concordia Ave Milwaukee, WI	3.0	1.5	1098	$1,595	$1.45	1d	1	0.85mi
2646 N 34th St Unit 2646A Upper Milwaukee, WI	2.0	1.0	609	$895	$1.47	23d	1	0.90mi
2512 N 41st St #2514 Milwaukee, WI	2.0	1.0	1007	$1,200	$1.19	43d	1	0.93mi
2550 N 36th St Unit 2550A Upper Milwaukee, WI	2.0	1.0	711	$845	$1.19	23d	1	0.95mi
2530 N 37th St Milwaukee, WI	2.0	1.0	1037	$1,000	$0.96	14d	1	0.96mi
2821 N 57th St Milwaukee, WI	2.0	1.0	900	$995	$1.11	14d	1	1.07mi
2467 N 49th St Unit 2467A Milwaukee, WI	2.0	1.0	850	$850	$1.00	43d	1	1.08mi
2639 N 55th St Unit 2639A (Upper) Milwaukee, WI	2.0	1.0	950	$1,150	$1.21	17d	1	1.13mi
3039 N 24th Pl Unit 3039 Milwaukee, WI	2.0	1.0	800	$995	$1.24	16d	1	1.15mi
2765 N 26th St Unit 2 Milwaukee, WI	2.0	1.0	1100	$1,100	$1.00	4d	1	1.16mi
2765 N 26th St Unit 1 Milwaukee, WI	3.0	1.0	1125	$1,200	$1.07	4d	1	1.16mi
2331 N 44th St #2333 Milwaukee, WI	2.0	1.0	1000	$995	$0.99	43d	1	1.16mi
3901 N 27th St Unit 3907 Milwaukee, WI	2.0	1.0	715	$895	$1.25	23d	1	1.16mi
2517 W Hadley St Milwaukee, WI	2.0	1.0	850	$1,050	$1.24	14d	1	1.19mi
2232 N 44th St Unit 2234 Upper Milwaukee, WI	3.0	1.0	1000	$1,195	$1.20	43d	1	1.25mi
2530 N 28th St Unit 2530 Lower Milwaukee, WI	2.0	1.0	764	$995	$1.30	14d	1	1.26mi
3410 N 23rd St Milwaukee, WI	2.0	1.0	800	$800	$1.00	17d	1	1.30mi
2945 N 23rd St Milwaukee, WI	3.0	1.0	1014	$1,195	$1.18	43d	1	1.30mi
6100 W Lisbon Ave Apt 1 Milwaukee, WI	2.0	1.0	945	$1,150	$1.22	4d	1	1.31mi
6319 W Girard Ave Milwaukee, WI	2.0	1.0	1100	$1,375	$1.25	43d	1	1.34mi

Listing history 33 events

1. 2026-06-18
   days on market $90,000 Active 209 DOM
2. 2026-06-17
   days on market $90,000 Active 208 DOM
3. 2026-06-16
   days on market $90,000 Active 207 DOM
4. 2026-06-15
   days on market $90,000 Active 206 DOM
5. 2026-06-13
   days on market $90,000 Active 204 DOM
6. 2026-06-13
   days on market $90,000 Active 203 DOM
7. 2026-06-09
   days on market $90,000 Active 200 DOM
8. 2026-06-08
   days on market $90,000 Active 199 DOM
9. 2026-06-07
   days on market $90,000 Active 198 DOM
10. 2026-06-05
    days on market $90,000 Active 195 DOM
11. 2026-06-03
    days on market $90,000 Active 194 DOM
12. 2026-06-02
    days on market $90,000 Active 193 DOM
13. 2026-06-01
    days on market $90,000 Active 192 DOM
14. 2026-05-31
    days on market $90,000 Active 191 DOM
15. 2025-11-21
    listed $90,000 Active 523-char remark

    Show marketing remark (523 chars)

    Welcome to this cozy 1.5-story bungalow on Bonny Pl, an excellent opportunity for first-time homebuyers! Featuring 2 bedrooms and 1 bath, this charming single-family home is full of potential and just waiting for its new owner to add their personal touch. Currently tenant-occupied, the home offers a warm layout and comfortable living spaces, making it a fantastic canvas to create the home of your dreams. With its inviting style and promising value, this property is ready to be transformed into something truly special!

16. 2025-08-22
    historical $1,195
17. 2025-08-09
    price $1,195
18. 2025-08-09
    price $1,295
19. 2025-08-06
    price $1,195
20. 2025-06-11
    listed $1,295
21. 2016-09-02
    soldstatus $12,500 Sold 229-char remark

    Show marketing remark (229 chars)

    This is not a Short-Sale, or Foreclosure. Open to first time home buyers and all investors. Stove and refrigerator are not included. no scope of work because its not an city house. Rentals are paying $550.00 month to month lease.

22. 2016-08-26
    status Pending 229-char remark

    Show marketing remark (229 chars)

    This is not a Short-Sale, or Foreclosure. Open to first time home buyers and all investors. Stove and refrigerator are not included. no scope of work because its not an city house. Rentals are paying $550.00 month to month lease.

23. 2016-07-01
    listed $14,500 Active 229-char remark

    Show marketing remark (229 chars)

    This is not a Short-Sale, or Foreclosure. Open to first time home buyers and all investors. Stove and refrigerator are not included. no scope of work because its not an city house. Rentals are paying $550.00 month to month lease.

24. 2015-12-10
    historical
25. 2015-11-03
    price $13,500
26. 2015-10-10
    price $14,000
27. 2015-09-14
    listed $16,900 Active
28. 2014-01-08
    historical
29. 2014-01-08
    listed $16,900
30. 2013-09-09
    soldstatus $14,000
31. 2007-12-21
    soldstatus $28,500
32. 1990-01-01
    soldstatus $2,500,000
33. 1985-03-01
    soldstatus $28,000

ⓘ 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: $1,025 · $85/mo
• Projected year-2 tax: $1,345 · $112/mo
• Expected delta: +$320/yr (+$27/mo · 31.2%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 4/10 Moderate FEMA zone X (unshaded) · 22% 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: $13,917
• − Mortgage interest: −$5,041
• − Property taxes: −$1,025
• − Insurance: −$450
• − Repairs & maintenance: −$1,113
• − Management: −$1,113
• − Depreciation: −$2,618
• Taxable income: $2,556
• Est. tax owed @ 24.0%: −$613
• After-tax cash flow: $3,242/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): 30,345
• Household income: $46,752
• Rent vs Own: 52.7% rent · 47.3% own
• Severe rent burden: 2202.0

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: Predominantly Black (81%)
• Race & ethnicity: Black 81% White 9% Hispanic / Latino 5% Two or more races 5% Asian 3%
• Hispanic origin (detail): Mexican 2% Puerto Rican 3%
• Common ancestry: Romanian 1%
• Foreign-born: 3% · Canada, Philippines, China
• Languages at home: 93% English-only · Spanish 4% Other Asian/Pacific 2%

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: ▲ 1.33%
• Current HPI: 381.0954
• Rent YoY: ▲ 7.01%
• 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

+221.4% since first listed

19 events — show timeline

• 2025-11-21 Listed $90,000 METROMLS
• 2025-08-22 Rental Removed $1,195 APPFOLIO
• 2025-08-09 Price Changed $1,195 APPFOLIO
• 2025-08-09 Price Changed $1,295 APPFOLIO
• 2025-08-06 Price Changed $1,195 APPFOLIO
• 2025-06-11 Listed for Rent $1,295 APPFOLIO
• 2016-09-02 Sold (MLS) $12,500 METROMLS
• 2016-08-26 Pending — METROMLS
• 2016-07-01 Listed $14,500 METROMLS
• 2015-12-10 Listing Removed — METROMLS
• 2015-11-03 Price Changed $13,500 METROMLS
• 2015-10-10 Price Changed $14,000 METROMLS
• 2015-09-14 Listed $16,900 METROMLS
• 2014-01-08 Listed $16,900 METROMLS
• 2014-01-08 Listing Removed — METROMLS
• 2013-09-09 Sold (MLS) $14,000 METROMLS
• 2007-12-21 Sold (MLS) $28,500 METROMLS
• 1990-01-01 Sold (Public Records) $2,500,000 Public Records
• 1985-03-01 Sold (Public Records) $28,000 Public Records

Property tax history

+1.8%/yr

Latest (2024): $1,025 · -28.3% YoY. Source: county tax records.