405 Diamond St · Ridgeland, WI 54763

$250,000

4 bd · 1.5 ba · 2,570 sqft · Other · 293 Days on market

Built 1980 0.42 ac lot $97/sqft · 30% below area Est $358k · 30% under

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Why this score? — see what drove the D 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).

• ARV discount +15.0/15.0
• Appreciation +7.9/10.0
• Cash flow +5.8/30.0
• Livability +3.0/5.0
• Schools +2.7/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• 1% rule +0.7/10.0
• DSCR +0.2/10.0

Listing remarks MLS

Welcome home to this beautifully updated 4-bedroom, 2-bath residence just minutes from the heart of Ridgeland. Fully redone in 2008, this home features an inviting open-concept floor plan perfect for modern living. The log siding exterior offers rustic Northwoods charm, while the spacious interior provides comfort and functionality for everyday life. Enjoy the convenience of two full bathrooms, a spacious kitchen, and a living area ideal for gatherings, as well as four generously sized bedrooms with an abundance of natural light. The open layout enables easy entertaining and a seamless flow throughout the home. Set in a quiet neighborhood, this property is only a short drive to local amenities while still offering the peace and small-town atmosphere of Ridgeland. Whether you?re looking for a family home, a first-time purchase, or a retreat from the busy city, this property has it all. Don?t miss the opportunity to make 405 Diamond St S your new home

Key facts

• Spacious kitchen
• Log siding exterior
• Quiet neighborhood

Tags

• OPEN CONCEPT FLOOR PLAN
• LOG SIDING EXTERIOR
• SPACIOUS KITCHEN
• QUIET NEIGHBORHOOD
• SHORT DRIVE TO LOCAL AMENITIES
• SMALL TOWN ATMOSPHERE

What this means for you Summary

Snapshot

• This is a 4-bed/1.5-bath other listed at $250k.

Deal economics

• At list price, monthly cash flow is $-500 ($-6k/yr) — negative.
• To cash-flow at today's rent, offer at most $162k (35.3% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $142k (43.2% below list).
• Recommended offer: $142k (43.2% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 60/100 on livability (#701 in WI) — a middle-class / working-renter tenant base. Strengths: cost of living A+; Watch: housing D+, crime D, health & safety D.
• Barron Area School District (rural): math 30% / reading 33% proficiency, ranked #262 of 342 in WI (top 77%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 5 active listings in the ZIP; 151 units permitted in Dunn County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $16k of equity ($2k loan paydown + $14k appreciation (5.7% local appreciation)).
• By year 3, paydown + projected appreciation supports a ~$40k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 293 days — a 12% lower offer ($220k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts; this cycle's ask has dropped $39k (13%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $35k; list at $250k implies a 616% gain — meaningful room to come down on a strong offer.

Recommended offer $141,993 (43.2% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 293 days. Have you received any prior offers? Is the seller open to a 43% concession, seller financing, or rate buy-down credit?
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. 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?
6. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
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: 0.57% ✗
• Cap rate: 3.89%
• Cash-on-cash: -8.57%
• DSCR: 0.62
• GRM: 14.7

CMA / ARV

• ARV (median comp): $358,358
• List price: $250,000
• Delta: -30.24%
• Verdict: UNDERPRICED
• Comps: 2 within 2.0 mi

Projected returns pro-forma

5.71% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 7.7%
• Equity multiple: 1.51×
• Total profit: $35,954
• Equity at exit: $152,535

10-year hold

• IRR: 9.5%
• Equity multiple: 2.88×
• Total profit: $131,821
• Equity at exit: $272,707

Cash invested: $70,000 (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 54763

• Home prices YoY: 3.5%
• Active inventory: 5
• Price-to-rent: 14.7×

Monthly cashflow live

• Estimated rent: $1,420 medium
• Mortgage (P&I): −$1,311
• Tax from tax record: −$206 /mo · $2,477/yr
• Insurance: −$104
• HOA: −$0
• Vacancy / Maint / Mgmt: −$298
• Net cashflow: $-500

Break-even live

Break-even rent $2,053

Max offer price $161,702

Occupancy floor —

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: $62,500
• Closing costs: $7,500
• Reserves months: —
• Total cash needed: —

Listing history 22 events

1. 2026-06-18
   days on market $250,000 Active 293 DOM
2. 2026-06-17
   days on market $250,000 Active 292 DOM
3. 2026-06-16
   days on market $250,000 Active 291 DOM
4. 2026-06-15
   days on market $250,000 Active 290 DOM
5. 2026-06-15
   days on market $250,000 Active 289 DOM
6. 2026-06-13
   days on market $250,000 Active 288 DOM
7. 2026-06-12
   days on market $250,000 Active 287 DOM
8. 2026-06-09
   days on market $250,000 Active 284 DOM
9. 2026-06-08
   days on market $250,000 Active 283 DOM
10. 2026-06-08
    days on market $250,000 Active 282 DOM
11. 2026-06-07
    days on market $250,000 Active 281 DOM
12. 2026-06-03
    days on market $250,000 Active 278 DOM
13. 2026-06-02
    pricedays on market $250,000 Active 277 DOM
14. 2026-06-01
    days on market $260,000 Active 276 DOM
15. 2026-05-31
    days on market $260,000 Active 275 DOM
16. 2026-05-06
    price $260,000 963-char remark

    Show marketing remark (963 chars)

    Welcome home to this beautifully updated 4-bedroom, 2-bath residence just minutes from the heart of Ridgeland. Fully redone in 2008, this home features an inviting open-concept floor plan perfect for modern living. The log siding exterior offers rustic Northwoods charm, while the spacious interior provides comfort and functionality for everyday life. Enjoy the convenience of two full bathrooms, a spacious kitchen, and a living area ideal for gatherings, as well as four generously sized bedrooms with an abundance of natural light. The open layout enables easy entertaining and a seamless flow throughout the home. Set in a quiet neighborhood, this property is only a short drive to local amenities while still offering the peace and small-town atmosphere of Ridgeland. Whether you?re looking for a family home, a first-time purchase, or a retreat from the busy city, this property has it all. Don?t miss the opportunity to make 405 Diamond St S your new home

17. 2026-03-25
    price $275,000 963-char remark

    Show marketing remark (963 chars)

    Welcome home to this beautifully updated 4-bedroom, 2-bath residence just minutes from the heart of Ridgeland. Fully redone in 2008, this home features an inviting open-concept floor plan perfect for modern living. The log siding exterior offers rustic Northwoods charm, while the spacious interior provides comfort and functionality for everyday life. Enjoy the convenience of two full bathrooms, a spacious kitchen, and a living area ideal for gatherings, as well as four generously sized bedrooms with an abundance of natural light. The open layout enables easy entertaining and a seamless flow throughout the home. Set in a quiet neighborhood, this property is only a short drive to local amenities while still offering the peace and small-town atmosphere of Ridgeland. Whether you?re looking for a family home, a first-time purchase, or a retreat from the busy city, this property has it all. Don?t miss the opportunity to make 405 Diamond St S your new home

18. 2025-09-23
    listed $289,000 Active
19. 2025-09-23
    listed $289,000 Active
20. 2025-09-17
    price $289,000 963-char remark

    Show marketing remark (963 chars)

    Welcome home to this beautifully updated 4-bedroom, 2-bath residence just minutes from the heart of Ridgeland. Fully redone in 2008, this home features an inviting open-concept floor plan perfect for modern living. The log siding exterior offers rustic Northwoods charm, while the spacious interior provides comfort and functionality for everyday life. Enjoy the convenience of two full bathrooms, a spacious kitchen, and a living area ideal for gatherings, as well as four generously sized bedrooms with an abundance of natural light. The open layout enables easy entertaining and a seamless flow throughout the home. Set in a quiet neighborhood, this property is only a short drive to local amenities while still offering the peace and small-town atmosphere of Ridgeland. Whether you?re looking for a family home, a first-time purchase, or a retreat from the busy city, this property has it all. Don?t miss the opportunity to make 405 Diamond St S your new home

21. 2025-08-29
    listed $299,000 Active 963-char remark

    Show marketing remark (963 chars)

    Welcome home to this beautifully updated 4-bedroom, 2-bath residence just minutes from the heart of Ridgeland. Fully redone in 2008, this home features an inviting open-concept floor plan perfect for modern living. The log siding exterior offers rustic Northwoods charm, while the spacious interior provides comfort and functionality for everyday life. Enjoy the convenience of two full bathrooms, a spacious kitchen, and a living area ideal for gatherings, as well as four generously sized bedrooms with an abundance of natural light. The open layout enables easy entertaining and a seamless flow throughout the home. Set in a quiet neighborhood, this property is only a short drive to local amenities while still offering the peace and small-town atmosphere of Ridgeland. Whether you?re looking for a family home, a first-time purchase, or a retreat from the busy city, this property has it all. Don?t miss the opportunity to make 405 Diamond St S your new home

22. 2000-07-17
    soldstatus $34,900

ⓘ 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: $2,477 · $206/mo
• Projected year-2 tax: $3,551 · $296/mo
• Expected delta: +$1,074/yr (+$90/mo · 43.4%)

ⓘ 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 1/10 Low 7 d/yr ≥97°F today · 14 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $17,039
• − Mortgage interest: −$14,004
• − Property taxes: −$2,477
• − Insurance: −$1,250
• − Repairs & maintenance: −$1,363
• − Management: −$1,363
• − Depreciation: −$7,273
• Taxable loss: −$10,690
• Est. tax savings @ 24.0%: +$2,566
• After-tax cash flow: $-3,432/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: Barron Area School District
• NCES district ID: 5500870
• Math proficiency: 30% ▲ 3.00%
• Reading proficiency: 33% ▲ 2.00%
• Median HH income: $45,338
• Composite: 26.99/100
• National rank: #7069
• State rank: #262 of 342 in WI

Livability — Ridgeland

• Score: 60/100
• State rank: #701
• US rank: #18980

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Ridgeland, WI
• Population (ZIP): 1,011

Population outlook (Dunn County) Hauer SSP2

• Today (2025): 45,435 people
• By 2030: 45,694 · +0.6%
• By 2040: 45,329 · -0.2%
• By 2050: 44,343 · -2.4%
• By 2075: 42,497 · -6.5%
• By 2100: 40,616 · -10.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (95%)
• Race & ethnicity: White 95% Two or more races 4% Hispanic / Latino 1%
• Common ancestry: Portuguese 40% Scottish 2% Italian 2%
• Foreign-born: 0%
• Languages at home: 98% English-only · German/W. Germanic 1%

Political lean MEDSL · Dunn

• 2024 margin: R (+15.9) · D 41.5% · R 57.4% · Other 1.2%
• 2008→2024 swing: -30.9pp toward R · 2008: 14.9pp · 2024: -15.9pp
• All cycles: 2024: R+15.9 2020: R+13.9 2016: R+11.2 2012: D+5.0 2008: D+14.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 5.71%
• Current HPI: 170.2179
• 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

+645.0% since first listed

7 events — show timeline

• 2026-05-06 Price Changed $260,000 RANWW
• 2026-03-25 Price Changed $275,000 RANWW
• 2025-09-23 Listed $289,000 WWRA
• 2025-09-23 Listed $289,000 NORTHSTARMLS as Distributed by MLS Grid
• 2025-09-17 Price Changed $289,000 RANWW
• 2025-08-29 Listed $299,000 RANWW
• 2000-07-17 Sold (Public Records) $34,900 Public Records

Property tax history

+0.7%/yr

Latest (2025): $2,477 · -20.7% YoY. Source: county tax records.