7142 Highway 36 · Springfield, WI 53147

$349,900

4 bd · 2.0 ba · 1,250 sqft · SingleFamily · 12 Days on market

Built 1978 0.57 ac lot

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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).

• Cash flow +15.6/30.0
• ARV discount +7.5/15.0
• DSCR +4.8/10.0
• 1% rule +3.4/10.0
• Livability +3.1/5.0
• Schools +2.7/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

FORECLOSED PROPERTY/BEING SOLD AS IS/ NO SURVEY OR DISCLOSURE/ADDENDUM REQUIRED UPON ACCEPTANCE OF OFFER/ FAX ALL OFFERS WITH PROOF OF FUNDS/LOAN APPROVAL TO OFFICE/ UPON OFFER ACCEPTANCE EARNEST MONEY MUST BE CERTIFIED FUNDS.

Key facts

• Huge yard
• Over a half-acre lot
• 0.57 acre lot

Tags

• CLOSE TO DOWNTOWN LAKE GENEVA
• HUGE YARD
• OVER A HALF-ACRE LOT
• PEACEFUL SURROUNDINGS
• EASY ACCESS TO TOWN AMENITIES

Property features AI

Exterior

• Parking: Attached 1-car garage with opener
• Utilities: Private well water; Private septic system; Natural gas available
• Home design: Single-family, 1-story home; Estimated finished living area in range 1001–1250 (finished above grade 1,250)
• Construction: Information source: Assessor/Public Record
• Exterior features: Aluminum/aluminum-steel exterior with aluminum trim; Garden shed (outbuilding); Approximately 0.57-acre lot (about 1/2 to 1 acre)

Interior

• Kitchen: Kitchen on main level (14 x 11); Dishwasher; Microwave; Oven; Range; Refrigerator
• Bedrooms: Master bedroom (17 x 12) on main level; Bedroom 2 (15 x 11) on main level; Bedroom 3 (13 x 10) on main level; Bedroom 4 (13 x 12) on main level
• Bathrooms: One full bath; Two half baths; Master bedroom with private bath
• Heating & cooling: Forced air heating; Central air conditioning; Natural gas heat
• Interior features: Crawl space foundation; Living room (20 x 15) on main level
• Laundry & utility: Washer; Dryer

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $350k.

Deal economics

• At list price, monthly cash flow is $146 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $295k (15.7% below list).
• Recommended offer: $295k (15.7% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 62/100 on livability (#629 in WI) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: amenities F, commute F, health & safety D-.
• Lake Geneva-Genoa City Uhs School District (town): math 27% / reading 35% proficiency, ranked #258 of 342 in WI (top 75%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Lake Geneva Middle (math 31% / reading 40%, grade F, #200 of 383 statewide, top 53%, 615 students, 40% FRL); Badger High (math 27% / reading 36%, grade F, #199 of 483 statewide, top 42%, 1,326 students, 34% FRL).
• Market conditions: 234 active listings in the ZIP; solid renter incomes; 474 units permitted in Walworth County in 2024 (77 in 5+ unit buildings).
• This rent runs 42% of the median local income ($84k/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 $2k of loan paydown is wiped out by about $10k of value loss. Plan a longer hold.

Negotiation context

• Only 12 days on market — expect competitive offers; lowballing is unlikely to land.
• Current owner paid $190k; list at $350k implies a 84% gain — meaningful room to come down on a strong offer.

Recommended offer $295,081 (15.7% below list)

Questions for the listing agent

1. Built in 1978 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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?
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: 0.84% ✗
• Cap rate: 6.79%
• Cash-on-cash: 1.79%
• DSCR: 1.08
• GRM: 9.9

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: -13.5%
• Equity multiple: 0.52×
• Total profit: $-47,512
• Equity at exit: $52,171

10-year hold

• IRR: -4.6%
• Equity multiple: 0.70×
• Total profit: $-29,815
• Equity at exit: $30,253

Cash invested: $97,972 (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 53147

• Active inventory: 234
• Price-to-rent: 9.9×

Monthly cashflow live

• Estimated rent: $2,951 medium
• Mortgage (P&I): −$1,835
• Tax from tax record: −$205 /mo · $2,456/yr
• Insurance: −$146
• HOA: −$0
• Vacancy / Maint / Mgmt: −$620
• Net cashflow: $146

Break-even live

Break-even rent $2,766

Max offer price $349,900

Occupancy floor 90%

Sensitivity live

Price	-10% $344	-5% $245	+0% $146	+5% $47	+10% $-52
Rent	-10% $-87	-5% $29	+0% $146	+5% $262	+10% $379
Rate	-1.0pp $322	-0.5pp $235	base $146	+0.5pp $55	+1.0pp $-37

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: $87,475
• Closing costs: $10,497
• Reserves months: —
• Total cash needed: —

Listing history 10 events

1. 2026-06-22
   days on market $349,900 Active 12 DOM
2. 2026-06-21
   days on market $349,900 Active 11 DOM
3. 2026-06-19
   days on market $349,900 Active 9 DOM
4. 2026-06-18
   days on market $349,900 Active 8 DOM
5. 2026-06-17
   days on market $349,900 Active 7 DOM
6. 2026-06-16
   days on market $349,900 Active 6 DOM
7. 2026-06-15
   days on market $349,900 Active 5 DOM
8. 2026-06-14
   days on market $349,900 Active 3 DOM
9. 2026-06-12
   remarks 691-char remark
10. 2026-06-12
    listed $349,900 Active 2 DOM

ⓘ 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: $2,456 · $205/mo
• Projected year-2 tax: $4,464 · $372/mo
• Expected delta: +$2,009/yr (+$167/mo · 81.8%)

ⓘ 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 2/10 Low
• 🌡 Heat 2/10 Low 7 d/yr ≥103°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: $35,410
• − Mortgage interest: −$19,600
• − Property taxes: −$2,456
• − Insurance: −$1,750
• − Repairs & maintenance: −$2,833
• − Management: −$2,833
• − Depreciation: −$10,179
• Taxable loss: −$4,240
• Est. tax savings @ 24.0%: +$1,018
• After-tax cash flow: $2,767/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: Lake Geneva-Genoa City Uhs School District
• NCES district ID: 5507650
• Math proficiency: 27% ▼ -5.00%
• Reading proficiency: 35% ▼ -4.00%
• Median HH income: $52,486
• Composite: 27.25/100
• National rank: #7013
• State rank: #258 of 342 in WI

Livability — Springfield

• Score: 62/100
• State rank: #629
• US rank: #16560

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Springfield, WI
• County: Walworth County · 37,189 people
• City population: 154
• Metro: Whitewater, WI
• Population (ZIP): 18,638
• Household income: $83,566
• Rent vs Own: 30.7% rent · 69.3% own
• Severe rent burden: 526.0

Population outlook (Walworth County) Hauer SSP2

• Today (2025): 104,803 people
• By 2030: 105,459 · +0.6%
• By 2040: 104,991 · +0.2%
• By 2050: 102,207 · -2.5%
• By 2075: 97,177 · -7.3%
• By 2100: 89,043 · -15.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (82%)
• Race & ethnicity: White 82% Hispanic / Latino 12% Two or more races 8%
• Hispanic origin (detail): Mexican 11%
• Common ancestry: Romanian 8% Portuguese 6% Lithuanian 3%
• Foreign-born: 10% · Canada
• Languages at home: 88% English-only · Spanish 8% Russian/Polish/Slavic 2% German/W. Germanic 1%

Political lean MEDSL · Walworth

• 2024 margin: Strong R (+22.2) · D 38.3% · R 60.5% · Other 1.2%
• 2008→2024 swing: -19.6pp toward R · 2008: -2.6pp · 2024: -22.2pp
• All cycles: 2024: R+22.2 2020: R+19.2 2016: R+20.1 2012: R+12.4 2008: R+2.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -159.25%
• Current HPI: 243.6097
• Rent YoY: —
• Metro: Whitewater, 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

+218.1% since first listed

5 events — show timeline

• 2026-06-10 Listed $349,900 METROMLS
• 2018-10-02 Sold (Public Records) $190,000 Public Records
• 2006-08-25 Sold (Public Records) $119,000 Public Records
• 2006-08-24 Sold (MLS) $116,000 METROMLS
• 2001-07-20 Sold (Public Records) $110,000 Public Records

Property tax history

+3.2%/yr

Latest (2025): $2,456 · +9.8% YoY. Source: county tax records.