N5848 Hwy 57 · Hilbert, WI 54129

$165,000

4 bd · 1.0 ba · 1,703 sqft · Other · 44 Days on market

Built 1910 5.00 ac lot $97/sqft · 54% below area

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Why this score? — see what drove the C- 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 +15.2/30.0
• Appreciation +10.0/10.0
• ARV discount +7.5/15.0
• DSCR +4.7/10.0
• Schools +3.9/10.0
• Livability +3.4/5.0
• 1% rule +3.3/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

AFFORDABLE COUNTRY LIVING that is nestled on 5 acres. Traditional farmhouse w/ endless country views that surround you + low taxes in this township! Hard to find 4-5 bedroom home. Large foyer w/ skylights welcomes you or your guests. Open dining w/ kitchen w/ endless cabinet & counter space. .. great for cooking & entertaining. Dining has patio door out to backyard. 1st-floor full bath, 1st-floor bedroom & roomy living room complete the tour. .. except there is a built-in bookcase on your way to the attached breezeway that leads to the garage. Upstairs has 3+ bedroom spaces. You walkthru one to get to the office, you could use as bedroom or walk-in closet. SELLING AS-IS. Home & property need alot of TLC & needs a new septic system per the county. So bring your toolbox & make this yours

Key facts

• Large foyer
• Built-in bookcase
• Attached breezeway

Tags

• LARGE FOYER
• OPEN DINING TO KITCHEN
• ENDLESS CABINET SPACE
• PATIO DOOR TO BACKYARD
• BUILT-IN BOOKCASE
• ATTACHED BREEZEWAY

Property features AI

Finance

• Other: Lot size: 5 acres or more

Exterior

• Parking: Attached 2-car garage
• Utilities: Well water; Private septic system
• Home design: 1.5-story single-family home; Construction completed; Residential zoning
• Construction: Basement: full, block and stone foundation; Estimated above-grade finished area about 1,703 sq ft
• Exterior features: Deck; Vinyl siding

Interior

• Kitchen: Breakfast bar; Microwave; Range/Oven; Refrigerator
• Bedrooms: Master bedroom on main level (13 x 12); Second bedroom on upper level (17 x 10); Third bedroom on upper level (15 x 13); Fourth bedroom on upper level (11 x 9)
• Bathrooms: 1 full bathroom
• Heating & cooling: Central air; Natural gas heat
• Interior features: Water softener

What this means for you Summary

Snapshot

• This is a 4-bed/1.0-bath other listed at $165k.

Deal economics

• At list price, monthly cash flow is $56 ($677/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 $137k (16.9% below list).
• Recommended offer: $137k (16.9% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 68/100 on livability (#362 in WI) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: schools D, amenities F, commute F.
• Hilbert School District (rural): math 51% / reading 38% proficiency, ranked #94 of 342 in WI (top 28%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 16 active listings in the ZIP; 191 units permitted in Calumet County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $18k of equity ($1k loan paydown + $16k appreciation (10.0% local appreciation)).
• Calumet County population projected to shrink 5% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (10.0% appreciation + 3.0% rent growth), your $46k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 3, paydown + projected appreciation supports a ~$45k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 44 days — a 3% lower offer ($160k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts 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 $126k; 31% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1910 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $137,033 (16.9% below list)

Questions for the listing agent

1. It's been on market 44 days. Have you received any prior offers? Is the seller open to a 17% concession, seller financing, or rate buy-down credit?
2. Built in 1910 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
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: 0.83% ✗
• Cap rate: 6.70%
• Cash-on-cash: 1.46%
• DSCR: 1.07
• GRM: 10.0

CMA / ARV

• ARV (median comp): $361,165
• List price: $165,000
• Delta: -54.31%
• Verdict: UNDERPRICED
• Comps: 7 within 2.0 mi

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 25.3%
• Equity multiple: 3.02×
• Total profit: $93,406
• Equity at exit: $148,645

10-year hold

• IRR: 22.3%
• Equity multiple: 6.89×
• Total profit: $272,141
• Equity at exit: $320,559

Cash invested: $46,200 (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 54129

• Home prices YoY: 10.2%
• Active inventory: 16
• Price-to-rent: 10.0×

Monthly cashflow live

• Estimated rent: $1,370 medium
• Mortgage (P&I): −$865
• Tax from tax record: −$92 /mo · $1,106/yr
• Insurance: −$69
• HOA: −$0
• Vacancy / Maint / Mgmt: −$288
• Net cashflow: $56

Break-even live

Break-even rent $1,299

Max offer price $165,000

Occupancy floor 91%

Sensitivity live

Price	-10% $150	-5% $103	+0% $56	+5% $10	+10% $-37
Rent	-10% $-52	-5% $2	+0% $56	+5% $111	+10% $165
Rate	-1.0pp $139	-0.5pp $98	base $56	+0.5pp $14	+1.0pp $-30

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: $41,250
• Closing costs: $4,950
• Reserves months: —
• Total cash needed: —

Listing history 20 events

1. 2026-06-17
   status $165,000 Pending 44 DOM
2. 2026-06-17
   days on market $165,000 Active 44 DOM
3. 2026-06-16
   days on market $165,000 Active 43 DOM
4. 2026-06-15
   days on market $165,000 Active 42 DOM
5. 2026-06-14
   days on market $165,000 Active 40 DOM
6. 2026-06-13
   days on market $165,000 Active 39 DOM
7. 2026-06-10
   days on market $165,000 Active 37 DOM
8. 2026-06-09
   days on market $165,000 Active 36 DOM
9. 2026-06-08
   days on market $165,000 Active 35 DOM
10. 2026-06-07
    days on market $165,000 Active 34 DOM
11. 2026-06-05
    days on market $165,000 Active 31 DOM
12. 2026-06-02
    days on market $165,000 Active 29 DOM
13. 2026-06-01
    days on market $165,000 Active 28 DOM
14. 2026-05-31
    days on market $165,000 Active 27 DOM
15. 2026-05-30
    days on market $165,000 Active 26 DOM
16. 2026-05-03
    listed $165,000 Active 820-char remark
17. 2025-11-08
    historical 832-char remark

    Show marketing remark (832 chars)

    AFFORDABLE COUNTRY LIVING that is nestled on 5 acres. Traditional farmhouse w/ endless country views that surround you + low taxes in this township! Hard to find 4-5 bedroom home. Large foyer w/ skylights welcomes you or your guests. Open dining w/ kitchen w/ endless cabinet & counter space. .. great for cooking & entertaining. Dining has patio door out to backyard. 1st-floor full bath, 1st-floor bedroom & roomy living room complete the tour. .. except there is a built-in bookcase on your way to the attached breezeway that leads to the garage. Upstairs has 3+ bedroom spaces. You walkthru one to get to the office, you could use as bedroom or walk-in closet. SELLING AS-IS. Home & property need alot of TLC & needs a new septic system per the county. So bring your toolbox & make this yours

18. 2025-09-15
    price $237,900 832-char remark

    Show marketing remark (832 chars)

    AFFORDABLE COUNTRY LIVING that is nestled on 5 acres. Traditional farmhouse w/ endless country views that surround you + low taxes in this township! Hard to find 4-5 bedroom home. Large foyer w/ skylights welcomes you or your guests. Open dining w/ kitchen w/ endless cabinet & counter space. .. great for cooking & entertaining. Dining has patio door out to backyard. 1st-floor full bath, 1st-floor bedroom & roomy living room complete the tour. .. except there is a built-in bookcase on your way to the attached breezeway that leads to the garage. Upstairs has 3+ bedroom spaces. You walkthru one to get to the office, you could use as bedroom or walk-in closet. SELLING AS-IS. Home & property need alot of TLC & needs a new septic system per the county. So bring your toolbox & make this yours

19. 2025-07-07
    listed $249,900 Active 832-char remark

    Show marketing remark (832 chars)

    AFFORDABLE COUNTRY LIVING that is nestled on 5 acres. Traditional farmhouse w/ endless country views that surround you + low taxes in this township! Hard to find 4-5 bedroom home. Large foyer w/ skylights welcomes you or your guests. Open dining w/ kitchen w/ endless cabinet & counter space. .. great for cooking & entertaining. Dining has patio door out to backyard. 1st-floor full bath, 1st-floor bedroom & roomy living room complete the tour. .. except there is a built-in bookcase on your way to the attached breezeway that leads to the garage. Upstairs has 3+ bedroom spaces. You walkthru one to get to the office, you could use as bedroom or walk-in closet. SELLING AS-IS. Home & property need alot of TLC & needs a new septic system per the county. So bring your toolbox & make this yours

20. 2018-04-18
    soldstatus $125,500

ⓘ 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: $1,106 · $92/mo
• Projected year-2 tax: $2,079 · $173/mo
• Expected delta: +$973/yr (+$81/mo · 88.0%)

ⓘ 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 ≥98°F today · 12 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $16,444
• − Mortgage interest: −$9,243
• − Property taxes: −$1,106
• − Insurance: −$825
• − Repairs & maintenance: −$1,316
• − Management: −$1,316
• − Depreciation: −$4,800
• Taxable loss: −$2,160
• Est. tax savings @ 24.0%: +$518
• After-tax cash flow: $1,195/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: Hilbert School District
• NCES district ID: 5506450
• Math proficiency: 51% ▲ 3.00%
• Reading proficiency: 38% ▲ 4.00%
• Median HH income: $58,456
• Composite: 39.1/100
• National rank: #4043
• State rank: #94 of 342 in WI

Livability — Hilbert

• Score: 68/100
• State rank: #362
• US rank: #9177

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Population (ZIP): 3,323

Population outlook (Calumet County) Hauer SSP2

• Today (2025): 51,228 people
• By 2030: 51,515 · +0.6%
• By 2040: 51,080 · -0.3%
• By 2050: 48,824 · -4.7%
• By 2075: 42,337 · -17.4%
• By 2100: 32,629 · -36.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (89%)
• Race & ethnicity: White 89% Hispanic / Latino 6% Two or more races 5%
• Hispanic origin (detail): Mexican 5%
• Common ancestry: Romanian 5% Iranian 5% Portuguese 3%
• Foreign-born: 3% · Canada
• Languages at home: 95% English-only · Spanish 4%

Political lean MEDSL · Calumet

• 2024 margin: R (+20.0) · D 39.3% · R 59.3% · Other 1.4%
• 2008→2024 swing: -22.1pp toward R · 2008: 2.2pp · 2024: -20.0pp
• All cycles: 2024: R+20.0 2020: R+19.6 2016: R+21.6 2012: R+11.6 2008: D+2.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 47.22%
• Current HPI: 512.57
• 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

+31.5% since first listed

6 events — show timeline

• 2026-06-17 Pending — RANW
• 2026-05-03 Listed $165,000 RANW
• 2025-11-08 Listing Removed — RANW
• 2025-09-15 Price Changed $237,900 RANW
• 2025-07-07 Listed $249,900 RANW
• 2018-04-18 Sold (Public Records) $125,500 Public Records

Property tax history

-3.2%/yr

Latest (2025): $1,106 · -2.1% YoY. Source: county tax records.