618 Mendlik Ave · Antigo, WI 54409

$1

3 bd · 1.0 ba · 1,636 sqft · Other · 18 Days on market

Built 1950 0.36 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 +15.0/30.0
• ARV discount +7.5/15.0
• 1% rule +5.0/10.0
• DSCR +5.0/10.0
• Livability +3.7/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.0/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Here is an almost complete interior remodeled home. Most of the windows just replaced, all new flooring, kitchen and bathroom. Wood burning fireplace that can be easily converted to gas. Laundry chute and lots of built ins. All bedrooms are very ample sized, and the main level master having two closets. The full bath with shower in tub, vanity, toilet all brand new. Appliances included as well. A detached garage with huge back yard, all cement driveway and approach. Newly landscaped flower beds in front. Another Absolute move-in ready city home.

Key facts

• Newer windows
• Newer carpet
• Large back yard

Tags

• NEWER WINDOWS
• NEWER CARPET
• FIREPLACE
• DETACHED GARAGE
• CEMENT DRIVEWAY
• LARGE BACK YARD

Property features AI

Exterior

• Parking: Detached 1-car garage (total 1 parking space)
• Utilities: Public water; Public sewer; Electric with circuit breakers
• Home design: Single-family residence; One-and-one-half levels
• Construction: Frame construction
• Exterior features: Paved road access; Residential zoning; Vinyl siding

Interior

• Kitchen: Electric water heater
• Bathrooms: One full bathroom
• Heating & cooling: Forced air heating; Natural gas
• Interior features: Wood-burning fireplace (1); Full interior-entry basement

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath other listed at $1.

Deal economics

• At list price, monthly cash flow is $827 ($10k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $1).
• Cap rate 992857.4% vs local median 2.5% in Antigo — 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 73/100 on livability (#207 in WI) — a middle-class / working-renter tenant base. Strengths: cost of living A+, health & safety A+, housing B+; Watch: amenities D, commute F, employment F.
• Antigo Unified School District (rural): math 21% / reading 25% proficiency, ranked #324 of 342 in WI (top 95%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Zoned schools: Antigo Middle (math 23% / reading 26%, grade F, #319 of 383 statewide, top 85%, 502 students, 67% FRL); Antigo High (math 18% / reading 23%, grade F, #364 of 483 statewide, top 75%, 855 students, 52% FRL).
• Market conditions: 54 active listings in the ZIP; 186 units permitted in Langlade County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $0 of loan paydown is wiped out by about $0 of value loss. Plan a longer hold.
• Langlade County population projected at -34% 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 $0 cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• It's been on market 18 days — a 2% lower offer ($0) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 3y 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.

Risks & watch-outs

• Watch-outs: built in 1950 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $1

Questions for the listing agent

1. Built in 1950 — 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 D-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: 104732.00% ✓
• Cap rate: 992857.36%
• Cash-on-cash: 3545896.67%
• DSCR: 157773.45
• GRM: 0.0

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: —
• Equity multiple: 188256.89×
• Total profit: $52,712
• Equity at exit: $0

10-year hold

• IRR: —
• Equity multiple: 406497.81×
• Total profit: $113,819
• Equity at exit: $0

Cash invested: $0 (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 54409

• Home prices YoY: -20.0%
• Active inventory: 54

Monthly cashflow live

• Estimated rent: $1,047 medium
• Mortgage (P&I): −$0
• Tax est. 1.5%: −$0 /mo · $0/yr
• Insurance: −$0
• HOA: −$0
• Vacancy / Maint / Mgmt: −$220
• Net cashflow: $827

Break-even live

Break-even rent —

Max offer price $1

Occupancy floor 16%

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: $0
• Closing costs: $0
• Reserves months: —
• Total cash needed: —

Listing history 14 events

1. 2026-06-19
   days on market $1 Active 18 DOM
2. 2026-06-18
   days on market $1 Active 17 DOM
3. 2026-06-17
   days on market $1 Active 16 DOM
4. 2026-06-16
   days on market $1 Active 15 DOM
5. 2026-06-15
   days on market $1 Active 14 DOM
6. 2026-06-14
   days on market $1 Active 12 DOM
7. 2026-06-13
   days on market $1 Active 11 DOM
8. 2026-06-10
   days on market $1 Active 9 DOM
9. 2026-06-09
   days on market $1 Active 8 DOM
10. 2026-06-08
    days on market $1 Active 7 DOM
11. 2026-06-07
    remarks 684-char remark
12. 2026-06-07
    days on market $1 Active 6 DOM
13. 2026-06-02
    remarks 679-char remark
14. 2026-06-02
    listed $1 Active 1 DOM

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

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 1/10 Low 7 d/yr ≥93°F today · 12 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $12,568
• − Mortgage interest: −$0
• − Property taxes: −$0
• − Insurance: −$0
• − Repairs & maintenance: −$1,005
• − Management: −$1,005
• − Depreciation: −$0
• Taxable income: $10,557
• Est. tax owed @ 24.0%: −$2,534
• After-tax cash flow: $7,395/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: Antigo Unified School District
• NCES district ID: 5500360
• Math proficiency: 21% ▼ -6.00%
• Reading proficiency: 25% ▼ -4.00%
• Median HH income: $42,812
• Composite: 19.7/100
• National rank: #8725
• State rank: #324 of 342 in WI

Livability — Antigo

• Score: 73/100
• State rank: #207
• US rank: #5451

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Antigo, WI
• Population (ZIP): 12,757

Population outlook (Langlade County) Hauer SSP2

• Today (2025): 17,352 people
• By 2030: 16,260 · -6.3%
• By 2040: 13,783 · -20.6%
• By 2050: 11,378 · -34.4%
• By 2075: 7,874 · -54.6%
• By 2100: 5,971 · -65.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (93%)
• Race & ethnicity: White 93% Two or more races 5% Hispanic / Latino 3%
• Common ancestry: Romanian 8% Portuguese 4% Lithuanian 3%
• Foreign-born: 1% · Canada
• Languages at home: 98% English-only · Spanish 1% German/W. Germanic 1%

Political lean MEDSL · Langlade

• 2024 margin: Solid R (+34.6) · D 32.1% · R 66.8% · Other 1.1%
• 2008→2024 swing: -35.6pp toward R · 2008: 1.0pp · 2024: -34.6pp
• All cycles: 2024: R+34.6 2020: R+32.5 2016: R+31.5 2012: R+11.8 2008: D+1.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -56.45%
• Current HPI: 225.6843
• 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

+180.7% since first listed

7 events — show timeline

• 2026-05-28 Listed $1 GNMLS
• 2023-07-10 Sold (Public Records) $160,000 Public Records
• 2023-07-10 Sold (MLS) $160,000 GNMLS
• 2023-05-30 Pending — GNMLS
• 2023-04-28 Contingent — GNMLS
• 2023-04-19 Listed $139,000 GNMLS
• 2023-01-13 Sold (Public Records) $57,000 Public Records

Property tax history

+9.1%/yr

Latest (2025): $5,160 · +49.1% YoY. Source: county tax records.