4319 N 47th St · Milwaukee, WI 53216

$115,000

4 bd · 1.0 ba · 922 sqft · SingleFamily public records · 2 Days on market

Built 1938 4,791 sqft lot $125/sqft · 14% below area Est $133k · 14% under

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Why this score? — see what drove the A- 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
• ARV discount +13.6/15.0
• DSCR +10.0/10.0
• 1% rule +9.3/10.0
• 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

Check out this 4 bedroom, 1 bath Cape Cod with detached garage. Home is currently occupied with tenants.

Key facts

• 4,791 sq ft lot
• 2 garage spots
• Built 1938

Property features AI

Exterior

• Parking: Detached 2-car garage
• Utilities: Municipal water; Municipal sewer
• Home design: 1.5-story single-family home; Year built per assessor/public record
• Exterior features: Vinyl exterior; Lot under 1/2 acre (approximately 0.11 acre); Residential zoning

Interior

• Kitchen: Stove; Refrigerator
• Bathrooms: 1 full bathroom
• Heating & cooling: Forced air heating; Natural gas heat
• Interior features: Full basement

What this means for you Summary

Snapshot

• This is a 4-bed/1.0-bath single-family listed at $115k.

Deal economics

• At list price, monthly cash flow is $498 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $115k).
• Cap rate 11.5% 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; 9 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).
• This rent runs 42% of the median local income ($47k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• In year one you build about $2k of equity ($795 loan paydown + $2k 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 $32k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• Only 2 days on market — expect competitive offers; lowballing is unlikely to land.
• 3 sale attempts since 7y 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 $100k; 15% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1938 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $115,000

Questions for the listing agent

1. Built in 1938 — 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. 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?
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: 1.43% ✓
• Cap rate: 11.49%
• Cash-on-cash: 18.57%
• DSCR: 1.83
• GRM: 5.8

CMA / ARV

• ARV (median comp): $133,090
• List price: $115,000
• Delta: 8.87%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
4451 N 49th St	0.21mi	3/1.0 (-1)	940 (+2%)	2mo	$199,900	$213	80
4430 W Glendale Ave	0.40mi	3/1.0 (-1)	908 (-2%)	0mo	$180,000	$198	74
4516 N 44th St	0.34mi	4/1.0	981 (+6%)	2mo	$98,000	$100	72
4478 N 48th St	0.21mi	3/1.0 (-1)	870 (-6%)	7mo	$99,900	$115	70
4524 N 38th St	0.68mi	3/1.0 (-1)	935 (+1%)	8mo	$142,900	$153	54
4355 N 42nd St	0.37mi	3/1.5 (-1)	1,001 (+9%)	10mo	$213,000	$213	53
5359 W Leon Ter	0.42mi	3/1.0 (-1)	800 (-13%)	1mo	$120,000	$150	53
4715 N 39th St	0.74mi	3/1.0 (-1)	892 (-3%)	9mo	$61,000	$68	47
4448 W Leon Ter	0.68mi	3/1.0 (-1)	1,014 (+10%)	2mo	$130,000	$128	45
4600 N 51st Blvd	0.41mi	3/2.0 (-1)	1,060 (+15%)	5mo	$73,500	$69	43
4713 W Fond Du Lac Ave	0.63mi	3/1.0 (-1)	1,056 (+14%)	4mo	$155,000	$147	38
4856 N 51st Blvd	0.73mi	3/1.0 (-1)	790 (-14%)	10mo	$110,000	$139	29

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: 24.6%
• Equity multiple: 2.33×
• Total profit: $42,703
• Equity at exit: $41,236

10-year hold

• IRR: 29.4%
• Equity multiple: 5.13×
• Total profit: $132,964
• Equity at exit: $56,362

Cash invested: $32,200 (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: 5.8×

Monthly cashflow live

• Estimated rent: $1,650 high
• Mortgage (P&I): −$603
• Tax from tax record: −$154 /mo · $1,850/yr
• Insurance: −$48
• HOA: −$0
• Vacancy / Maint / Mgmt: −$346
• Net cashflow: $498

Break-even live

Break-even rent $1,019

Max offer price $115,000

Occupancy floor 65%

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: $28,750
• Closing costs: $3,450
• Reserves months: —
• Total cash needed: —

Rent comps 9 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4703 N 45th St Milwaukee, WI	3.0	1.0	1031	$1,695	$1.64	23d	1	0.50mi
4727 N 46th St Milwaukee, WI	3.0	1.0	936	$1,700	$1.82	43d	1	0.51mi
4702 N 44th St Milwaukee, WI	3.0	2.0	1050	$1,850	$1.76	43d	1	0.53mi
4610 W Eggert Pl #4612 Milwaukee, WI	3.0	1.0	852	$1,095	$1.29	23d	1	1.05mi
5165-5167 N 45th St Unit 5165 Milwaukee, WI	3.0	1.0	1020	$1,200	$1.18	17d	1	1.07mi
4340 W Eggert Pl Milwaukee, WI	4.0	1.0	1066	$1,695	$1.59	23d	1	1.07mi
4334 W Eggert Pl Milwaukee, WI	4.0	1.0	1077	$1,695	$1.57	23d	1	1.08mi
4153 N 68th St Milwaukee, WI	3.0	1.0	1025	$1,700	$1.66	43d	1	1.25mi
5032 N 32nd St Milwaukee, WI	3.0	2.0	1089	$1,750	$1.61	12d	1	1.37mi

Listing history 10 events

1. 2026-06-13
   statusdays on market $115,000 Pending 2 DOM
2. 2026-06-09
   remarks 166-char remark
3. 2026-06-08
   pricestatusdays on marketlisting id $115,000 Active 1 DOM
4. 2026-05-14
   historical 104-char remark

   Show marketing remark (104 chars)

   Check out this 4 bedroom, 1 bath Cape Cod with detached garage. Home is currently occupied with tenants.

5. 2026-04-28
   price $144,900 104-char remark

   Show marketing remark (104 chars)

   Check out this 4 bedroom, 1 bath Cape Cod with detached garage. Home is currently occupied with tenants.

6. 2026-04-14
   listed $154,000 Active 104-char remark

   Show marketing remark (104 chars)

   Check out this 4 bedroom, 1 bath Cape Cod with detached garage. Home is currently occupied with tenants.

7. 2019-05-06
   soldstatus $100,000
8. 2019-01-25
   soldstatus $35,000 Sold 135-char remark

   Show marketing remark (135 chars)

   4 bedroom Cape Cod is now available for new owner. Bring your decorating ideas. Come see and send your offer. Room sizes are estimates.

9. 2019-01-19
   status Pending 135-char remark

   Show marketing remark (135 chars)

   4 bedroom Cape Cod is now available for new owner. Bring your decorating ideas. Come see and send your offer. Room sizes are estimates.

10. 2019-01-09
    listed $30,000 Active 135-char remark

    Show marketing remark (135 chars)

    4 bedroom Cape Cod is now available for new owner. Bring your decorating ideas. Come see and send your offer. Room sizes are estimates.

ⓘ 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: $1,850 · $154/mo
• Projected year-2 tax: $1,989 · $166/mo
• Expected delta: +$139/yr (+$12/mo · 7.5%)

ⓘ 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 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: $19,800
• − Mortgage interest: −$6,442
• − Property taxes: −$1,850
• − Insurance: −$575
• − Repairs & maintenance: −$1,584
• − Management: −$1,584
• − Depreciation: −$3,345
• Taxable income: $4,419
• Est. tax owed @ 24.0%: −$1,061
• After-tax cash flow: $4,919/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

+283.3% since first listed

9 events — show timeline

• 2026-06-10 Pending — METROMLS
• 2026-06-08 Listed $115,000 METROMLS
• 2026-05-14 Listing Removed — METROMLS
• 2026-04-28 Price Changed $144,900 METROMLS
• 2026-04-14 Listed $154,000 METROMLS
• 2019-05-06 Sold (Public Records) $100,000 Public Records
• 2019-01-25 Sold (MLS) $35,000 METROMLS
• 2019-01-19 Pending — METROMLS
• 2019-01-09 Listed $30,000 METROMLS

Property tax history

+2.1%/yr

Latest (2024): $1,850 · +15.7% YoY. Source: county tax records.